CGI (TSE:GIB.A) Price Target Raised to C$180.00 at Raymond James

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective boosted by Raymond James from C$171.00 to C$180.00 in a report released on Thursday,BayStreet.CA reports. Raymond James’ price objective suggests a potential upside of 16.27% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the company. CIBC upgraded CGI from a “neutral” rating to an “outperform” rating and upped their target price for the company from C$155.00 to C$178.00 in a report on Tuesday, October 15th. Canaccord Genuity Group lifted their target price on shares of CGI from C$170.00 to C$175.00 in a research note on Thursday. Jefferies Financial Group upped their price target on shares of CGI from C$121.00 to C$132.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. TD Securities lifted their price objective on CGI from C$160.00 to C$180.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Sanford C. Bernstein upped their target price on CGI from C$127.00 to C$138.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CGI has a consensus rating of “Buy” and an average price target of C$169.83.

CGI Trading Down 0.7 %

CGI stock opened at C$154.81 on Thursday. The company has a 50 day moving average price of C$155.19 and a 200 day moving average price of C$146.79. The firm has a market capitalization of C$31.55 billion, a price-to-earnings ratio of 21.65, a P/E/G ratio of 2.24 and a beta of 0.86. CGI has a 52 week low of C$132.06 and a 52 week high of C$160.75. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16.

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.