CGI (TSE:GIB.A) (NYSE:GIB) had its price target lifted by TD Securities from C$100.00 to C$110.00 in a research note issued to investors on Thursday, BayStreet.CA reports. They currently have a buy rating on the stock.
Other equities analysts have also recently issued reports about the company. Scotiabank increased their target price on CGI from C$90.00 to C$92.00 in a report on Thursday, April 30th. Royal Bank of Canada decreased their price objective on CGI from C$125.00 to C$110.00 and set an outperform rating for the company in a report on Monday, April 27th. CIBC lifted their price objective on CGI from C$88.00 to C$91.50 in a report on Monday, June 15th. Wells Fargo & Co decreased their price objective on CGI from C$106.00 to C$90.00 in a report on Tuesday, April 14th. Finally, Pi Financial reissued a neutral rating and issued a C$109.00 price objective on shares of CGI in a report on Monday, July 27th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. CGI presently has a consensus rating of Buy and an average target price of C$103.14.
GIB.A opened at C$95.67 on Thursday. The stock has a market capitalization of $22.02 billion and a price-to-earnings ratio of 21.07. CGI has a twelve month low of C$67.23 and a twelve month high of C$114.49. The company has a quick ratio of 0.87, a current ratio of 1.08 and a debt-to-equity ratio of 61.67. The company has a 50-day simple moving average of C$87.42 and a 200 day simple moving average of C$90.51.
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.
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