CGI (TSE:GIB.A) Price Target Cut to C$160.00 by Analysts at Canaccord Genuity Group

CGI (TSE:GIB.A) (NYSE:GIB) had its price target reduced by Canaccord Genuity Group from C$166.00 to C$160.00 in a report issued on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts have also issued reports on GIB.A. Desjardins decreased their price target on CGI from C$164.00 to C$162.00 and set a buy rating for the company in a research note on Wednesday. Raymond James lifted their target price on CGI from C$150.00 to C$167.00 and gave the stock an outperform rating in a report on Thursday, February 1st. TD Securities downgraded shares of CGI from a buy rating to a hold rating and cut their price target for the company from C$170.00 to C$165.00 in a report on Friday, March 22nd. BMO Capital Markets lifted their price objective on shares of CGI from C$155.00 to C$170.00 and gave the stock an outperform rating in a research note on Thursday, February 1st. Finally, CIBC boosted their target price on shares of CGI from C$155.00 to C$169.00 and gave the stock an outperform rating in a report on Thursday, February 1st. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of C$165.73.

CGI Trading Up 0.1 %

Shares of GIB.A stock opened at C$140.98 on Friday. CGI has a 1 year low of C$127.73 and a 1 year high of C$160.40. The firm has a market capitalization of C$29.09 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 1.48 and a beta of 0.80. The stock has a fifty day moving average of C$150.86 and a two-hundred day moving average of C$144.76. The company has a debt-to-equity ratio of 34.93, a quick ratio of 0.97 and a current ratio of 1.11.

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.