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

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective boosted by analysts at Desjardins from C$178.00 to C$190.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 9.12% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Raymond James raised their price target on CGI from C$180.00 to C$183.00 and gave the company an “outperform” rating in a research report on Thursday. Canaccord Genuity Group increased their price target on shares of CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th. Canaccord Genuity Group increased their target price on CGI from C$175.00 to C$190.00 and gave the company a “buy” rating in a research note on Thursday. CIBC raised their price objective on shares of CGI from C$178.00 to C$183.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Royal Bank of Canada raised their target price on shares of CGI from C$178.00 to C$192.00 and gave the stock an “outperform” rating in a report on Thursday. Twelve equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$178.31.

CGI Stock Performance

TSE:GIB.A traded up C$8.55 during midday trading on Thursday, reaching C$174.12. The stock had a trading volume of 157,411 shares, compared to its average volume of 301,690. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24. The stock has a market cap of C$35.48 billion, a P/E ratio of 24.35, a P/E/G ratio of 2.24 and a beta of 0.86. The firm has a fifty day simple moving average of C$157.88 and a two-hundred day simple moving average of C$153.67. CGI has a 12-month low of C$132.06 and a 12-month high of C$174.87.

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.