CGI (TSE:GIB.A) Upgraded at CIBC

CIBC upgraded shares of CGI (TSE:GIB.A) (NYSE:GIB) from a neutral rating to an outperform rating in a research note issued to investors on Tuesday morning, BayStreet.CA reports. CIBC currently has C$178.00 price objective on the stock, up from their previous price objective of C$155.00.

Other equities research analysts have also recently issued research reports about the company. National Bankshares increased their price target on CGI from C$175.00 to C$185.00 in a report on Thursday, August 1st. Scotiabank increased their price target on CGI from C$160.00 to C$170.00 in a report on Friday, August 2nd. Raymond James increased their price target on CGI from C$167.00 to C$171.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Desjardins increased their price target on CGI from C$166.00 to C$172.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Sanford C. Bernstein raised their target price on CGI from C$127.00 to C$138.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$167.17.

CGI Stock Performance

TSE GIB.A opened at C$159.66 on Tuesday. The company has a market cap of C$32.54 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86. The stock’s 50 day simple moving average is C$152.61 and its 200-day simple moving average is C$145.81. CGI has a 1-year low of C$129.00 and a 1-year high of C$160.40. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97.

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.