CGI (TSE:GIB.A) Price Target Raised to C$115.00

CGI (TSE:GIB.A) (NYSE:GIB) had its target price lifted by stock analysts at Royal Bank Of Canada from C$100.00 to C$115.00 in a research note issued on Thursday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s price target points to a potential downside of 1.49% from the stock’s current price.

Several other research firms have also commented on GIB.A. Desjardins lowered their price target on CGI from C$118.00 to C$115.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Stifel Nicolaus boosted their price objective on CGI from C$120.00 to C$130.00 and gave the company a “buy” rating in a report on Thursday. National Bank Financial boosted their price objective on CGI from C$135.00 to C$145.00 and gave the company an “outperform” rating in a report on Thursday. Canadian Imperial Bank of Commerce increased their target price on CGI from C$107.00 to C$108.00 in a research note on Thursday, July 30th. Finally, TD raised their target price on CGI from C$99.00 to C$118.00 and gave the company a “hold” rating in a report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$128.85.

CGI Trading Up 1.0%

Shares of TSE:GIB.A traded up C$1.13 during mid-day trading on Thursday, reaching C$116.74. 334,444 shares of the company were exchanged, compared to its average volume of 653,051. 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 firm has a market cap of C$24.17 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 2.24 and a beta of 0.29. The firm’s 50-day simple moving average is C$104.56 and its 200 day simple moving average is C$100.25. CGI has a 1 year low of C$83.34 and a 1 year high of C$131.97.

CGI (TSE:GIB.A) (NYSE:GIB) last announced its earnings results on Wednesday, November 11th. The company reported C$2.31 earnings per share (EPS) for the quarter. The company had revenue of C$4.15 billion for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%. Equities research analysts forecast that CGI will post 8.37 EPS for the current 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.