Sanford C. Bernstein Increases CGI (TSE:GIB.A) Price Target to C$127.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price target raised by Sanford C. Bernstein from C$126.00 to C$127.00 in a note issued to investors on Thursday, BayStreet.CA reports. Sanford C. Bernstein’s price objective would indicate a potential downside of 8.84% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. CIBC boosted their price objective on CGI from C$155.00 to C$169.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Stifel Nicolaus boosted their price objective on CGI from C$160.00 to C$170.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Royal Bank of Canada boosted their price objective on CGI from C$155.00 to C$170.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Scotiabank upped their target price on CGI from C$155.00 to C$165.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, TD Securities cut CGI from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$170.00 to C$165.00 in a report on Friday, March 22nd. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CGI currently has a consensus rating of “Buy” and an average price target of C$161.27.

CGI Price Performance

TSE:GIB.A traded up C$2.62 during trading hours on Thursday, reaching C$139.32. The stock had a trading volume of 176,424 shares, compared to its average volume of 305,341. The company has a debt-to-equity ratio of 34.93, a quick ratio of 0.97 and a current ratio of 1.11. CGI has a 52 week low of C$127.73 and a 52 week high of C$160.40. The company has a 50 day moving average price of C$150.02 and a two-hundred day moving average price of C$144.89. The stock has a market capitalization of C$28.75 billion, a PE ratio of 20.24, a PEG ratio of 1.48 and a beta of 0.80.

CGI Company Profile

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.