CGI (TSE:GIB.A) Price Target Raised to C$101.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price target upped by CIBC from C$100.00 to C$101.00 in a research note published on Thursday, BayStreet.CA reports.

A number of other research firms have also recently commented on GIB.A. BMO Capital Markets boosted their target price on shares of CGI from C$95.00 to C$107.00 in a research report on Thursday, May 2nd. TD Securities boosted their target price on shares of CGI from C$97.00 to C$110.00 and gave the stock a buy rating in a research report on Thursday, May 2nd. National Bank Financial boosted their target price on shares of CGI from C$100.00 to C$120.00 and gave the stock an outperform rating in a research report on Thursday, May 2nd. Canaccord Genuity boosted their target price on shares of CGI from C$95.00 to C$106.00 in a research report on Thursday, May 2nd. Finally, Royal Bank of Canada boosted their target price on shares of CGI from C$100.00 to C$108.00 and gave the stock an outperform rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. CGI presently has a consensus rating of Buy and an average target price of C$103.05.

GIB.A opened at C$102.27 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.00 and a debt-to-equity ratio of 28.03. CGI has a 52-week low of C$61.73 and a 52-week high of C$77.22. The company has a market cap of $25.15 billion and a price-to-earnings ratio of 25.89.

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.

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Analyst Recommendations for CGI (TSE:GIB.A)

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