CGI (TSE:GIB.A) Stock Price Expected to Rise, TD Analyst Says

CGI (TSE:GIB.A) (NYSE:GIB) had its target price upped by TD from C$99.00 to C$118.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD’s target price suggests a potential upside of 14.80% from the company’s current price.

Several other equities analysts have also commented on the stock. Stifel Nicolaus lowered their price target on shares of CGI from C$160.00 to C$128.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Desjardins cut their price objective on shares of CGI from C$147.00 to C$117.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. BMO Capital Markets reduced their target price on shares of CGI from C$137.00 to C$122.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. Canadian Imperial Bank of Commerce upped their target price on shares of CGI from C$107.00 to C$108.00 in a research report on Thursday. Finally, Raymond James Financial dropped their price target on shares of CGI from C$168.00 to C$130.00 and set an “outperform” rating on the stock in a research note on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$124.23.

CGI Stock Performance

TSE:GIB.A traded down C$2.22 during midday trading on Thursday, reaching C$102.79. 318,090 shares of the company traded hands, compared to its average volume of 676,467. CGI has a twelve month low of C$83.34 and a twelve month high of C$135.39. The firm has a market capitalization of C$21.53 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 2.24 and a beta of 0.13. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. The company has a fifty day moving average price of C$93.40 and a 200 day moving average price of C$100.17.

CGI (TSE:GIB.A) (NYSE:GIB) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$2.29 EPS for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%.The firm had revenue of C$4.19 billion during the quarter. On average, analysts expect that CGI will post 8.3679245 EPS 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 94,000 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.