BMO Capital Markets Cuts CGI (TSE:GIB.A) Price Target to C$160.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective reduced by BMO Capital Markets from C$170.00 to C$160.00 in a research report report published on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other brokerages also recently commented on GIB.A. Desjardins cut their price target on shares of CGI from C$164.00 to C$162.00 and set a buy rating for the company in a report on Wednesday, April 24th. TD Securities raised CGI from a hold rating to a buy rating and dropped their price objective for the company from C$165.00 to C$160.00 in a research note on Thursday. Sanford C. Bernstein upped their target price on CGI from C$126.00 to C$127.00 in a research note on Thursday. Raymond James lifted their price target on CGI from C$150.00 to C$167.00 and gave the company an outperform rating in a research report on Thursday, February 1st. Finally, Royal Bank of Canada cut their price objective on CGI from C$170.00 to C$163.00 and set an outperform rating for the company in a report on Thursday. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CGI has a consensus rating of Buy and a consensus price target of C$161.27.

CGI Price Performance

Shares of GIB.A stock traded up C$2.18 during trading hours on Thursday, reaching C$141.86. The stock had a trading volume of 277,786 shares, compared to its average volume of 306,848. The stock’s fifty day simple moving average is C$149.73 and its 200 day simple moving average is C$144.85. The firm has a market capitalization of C$29.27 billion, a PE ratio of 20.50, a PEG ratio of 1.48 and a beta of 0.80. CGI has a 12 month low of C$127.73 and a 12 month 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.

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.