StockNews.com Begins Coverage on CGI (NYSE:GIB)

StockNews.com began coverage on shares of CGI (NYSE:GIB – Get Rating) (TSE:GIB.A) in a research report released on Thursday. The firm issued a hold rating on the technology company’s stock.

Other equities research analysts also recently issued reports about the company. TD Securities lifted their target price on CGI from C$135.00 to C$145.00 in a research report on Thursday, December 22nd. Royal Bank of Canada lifted their target price on CGI from C$130.00 to C$145.00 in a research report on Thursday, February 2nd. Desjardins lifted their target price on CGI from C$136.00 to C$140.00 in a research report on Thursday, February 2nd. Raymond James lifted their target price on CGI from C$134.00 to C$138.00 in a research report on Thursday, February 2nd. Finally, CIBC lifted their price objective on CGI from C$140.00 to C$146.00 in a report on Thursday, February 2nd.

CGI Stock Down 1.0 %

GIB stock opened at $91.00 on Thursday. CGI has a twelve month low of $72.23 and a twelve month high of $94.00. The company has a market cap of $21.70 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 1.81 and a beta of 0.92. The business’s 50-day simple moving average is $89.56 and its 200 day simple moving average is $84.27. The company has a quick ratio of 0.84, a current ratio of 1.08 and a debt-to-equity ratio of 0.31.

Institutional Investors Weigh In On CGI

Institutional investors have recently added to or reduced their stakes in the stock. Heritage Wealth Management LLC boosted its holdings in CGI by 100.0% during the fourth quarter. Heritage Wealth Management LLC now owns 328 shares of the technology company’s stock valued at $28,000 after purchasing an additional 164 shares in the last quarter. Ronald Blue Trust Inc. bought a new position in shares of CGI in the fourth quarter valued at approximately $25,000. Koesten Hirschmann & Crabtree INC. bought a new position in shares of CGI in the fourth quarter valued at approximately $30,000. Guardian Wealth Advisors LLC bought a new position in shares of CGI in the third quarter valued at approximately $27,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of CGI by 650.0% in the third quarter. Exchange Traded Concepts LLC now owns 495 shares of the technology company’s stock valued at $37,000 after acquiring an additional 429 shares during the last quarter. 48.54% of the stock is owned by institutional investors and hedge funds.

CGI Company Profile

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CGI, Inc engages in the provision of information technology and consulting services. It operates through the following segments: Western and Southern Europe, U.S. Commercial and State Government, Canada, U.S. Federal, Scandinavia and Central Europe, UK and Australia; Finland, Poland, and Baltics, Northwest and Central-East Europe, and Asia Pacific.