CGI (TSE:GIB.A) Given New C$135.00 Price Target at National Bank Financial

CGI (TSE:GIB.A) (NYSE:GIB) had its target price decreased by analysts at National Bank Financial from C$150.00 to C$135.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 45.30% from the stock’s current price.

GIB.A has been the subject of several other reports. Desjardins set a C$149.00 price target on shares of CGI and gave the company a “buy” rating in a report on Wednesday, April 29th. Royal Bank Of Canada lowered shares of CGI from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$150.00 to C$100.00 in a report on Thursday, April 30th. BMO Capital Markets decreased their price target on shares of CGI from C$137.00 to C$122.00 and set an “outperform” rating for the company in a report on Monday, April 27th. Sanford C. Bernstein decreased their price target on shares of CGI from C$143.00 to C$141.00 in a report on Thursday, April 30th. Finally, Scotiabank decreased their price target on shares of CGI from C$140.00 to C$120.00 and set a “sector perform” rating for the company in a report on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, CGI currently has an average rating of “Moderate Buy” and an average price target of C$126.31.

CGI Stock Up 0.6%

GIB.A stock traded up C$0.52 during mid-day trading on Wednesday, hitting C$92.91. 267,184 shares of the company were exchanged, compared to its average volume of 681,985. The company has a market capitalization of C$19.46 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 2.24 and a beta of 0.08. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. CGI has a twelve month low of C$83.34 and a twelve month high of C$150.03. The firm has a fifty day simple moving average of C$96.88 and a 200 day simple moving average of C$110.41.

CGI (TSE:GIB.A) (NYSE:GIB) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$2.27 earnings per share for the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. The company had revenue of C$4.16 billion during the quarter. On average, research analysts forecast that CGI will post 8.3679245 earnings per share for the current fiscal year.

About CGI

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.