CGI (TSE:GIB.A) (NYSE:GIB) had its price target raised by TD Securities from C$110.00 to C$115.00 in a report published on Thursday, BayStreet.CA reports. They currently have a buy rating on the stock.
A number of other brokerages have also commented on GIB.A. Eight Capital lifted their price target on shares of CGI from C$98.00 to C$106.00 in a report on Tuesday. Raymond James reiterated an outperform rating and set a C$110.00 price target on shares of CGI in a report on Thursday. Royal Bank of Canada lifted their price target on shares of CGI from C$100.00 to C$108.00 and gave the stock an outperform rating in a report on Thursday, May 2nd. BMO Capital Markets lifted their price target on shares of CGI from C$95.00 to C$107.00 in a report on Thursday, May 2nd. Finally, National Bank Financial lifted their price target on shares of CGI from C$100.00 to C$120.00 and gave the stock an outperform rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of C$108.15.
Shares of TSE:GIB.A traded down C$1.48 during mid-day trading on Thursday, reaching C$100.54. 659,829 shares of the company’s stock were exchanged, compared to its average volume of 766,117. The firm has a market cap of $24.60 billion and a price-to-earnings ratio of 23.50. The firm’s fifty day simple moving average is C$102.40. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 31.19. CGI has a twelve month low of C$75.54 and a twelve month high of C$106.11.
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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