CGI (TSE:GIB.A) Price Target Cut to C$165.00 by Analysts at CIBC

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective cut by CIBC from C$169.00 to C$165.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also recently issued reports on GIB.A. Scotiabank boosted their price objective on shares of CGI from C$155.00 to C$165.00 and gave the company an outperform rating in a research report on Thursday, February 1st. Stifel Nicolaus boosted their price target on CGI from C$160.00 to C$170.00 and gave the company a buy rating in a report on Tuesday, January 30th. TD Securities raised CGI from a hold rating to a buy rating and dropped their price objective for the stock from C$165.00 to C$160.00 in a research note on Thursday. Canaccord Genuity Group decreased their target price on CGI from C$166.00 to C$160.00 and set a buy rating for the company in a research report on Friday, April 26th. Finally, Desjardins dropped their price target on CGI from C$164.00 to C$162.00 and set a buy rating on the stock in a research report on Wednesday, April 24th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus target price of C$161.27.

CGI Trading Up 1.6 %

Shares of GIB.A stock traded up C$2.18 on Thursday, reaching C$141.86. 277,786 shares of the company’s stock were exchanged, compared to its average volume of 306,848. The company’s fifty day simple moving average is C$149.73 and its 200 day simple moving average is C$144.85. CGI has a 52 week low of C$127.73 and a 52 week high of C$160.40. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 34.93. The stock has a market capitalization of C$29.27 billion, a PE ratio of 20.50, a P/E/G ratio of 1.48 and a beta of 0.80.

About CGI

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.