CGI (TSE:GIB.A) Given New C$160.00 Price Target at BMO Capital Markets

CGI (TSE:GIB.A) (NYSE:GIB) had its target price reduced by BMO Capital Markets from C$170.00 to C$160.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

GIB.A has been the subject of several other research reports. TD Securities raised CGI from a hold rating to a buy rating and decreased their target price for the stock from C$165.00 to C$160.00 in a research report on Thursday. Royal Bank of Canada decreased their price objective on CGI from C$170.00 to C$163.00 and set an outperform rating for the company in a report on Thursday. Sanford C. Bernstein raised their price objective on CGI from C$126.00 to C$127.00 in a research report on Thursday. Canaccord Genuity Group reduced their target price on shares of CGI from C$166.00 to C$160.00 and set a buy rating on the stock in a research report on Friday, April 26th. Finally, CIBC lifted their price target on shares of CGI from C$155.00 to C$169.00 and gave the company an outperform rating in a research report on Thursday, February 1st. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, CGI currently has a consensus rating of Buy and a consensus target price of C$161.27.

CGI Price Performance

GIB.A stock opened at C$141.86 on Thursday. The firm has a 50-day moving average of C$149.43 and a 200 day moving average of C$145.04. The company has a debt-to-equity ratio of 34.93, a current ratio of 1.11 and a quick ratio of 0.97. The company has a market cap of C$29.27 billion, a P/E ratio of 20.50, a PEG ratio of 1.48 and a beta of 0.80. CGI has a 1 year low of C$127.73 and a 1 year high of C$160.40.

About CGI

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.