Stifel Nicolaus Increases CGI (TSE:GIB.A) Price Target to C$120.00

CGI (TSE:GIB.A – Get Free Report) (NYSE:GIB) had its price target hoisted by analysts at Stifel Nicolaus from C$110.00 to C$120.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 16.74% from the stock’s current price.

GIB.A has been the topic of a number of other reports. Canaccord Genuity Group reduced their target price on shares of CGI from C$150.00 to C$140.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Raymond James Financial dropped their price target on shares of CGI from C$168.00 to C$130.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Royal Bank Of Canada lowered shares of CGI from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$150.00 to C$100.00 in a report on Thursday, April 30th. TD boosted their price objective on shares of CGI from C$99.00 to C$118.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Desjardins decreased their price objective on CGI from C$147.00 to C$117.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$124.23.

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CGI Trading Down 2.1%

Shares of GIB.A stock traded down C$2.22 during mid-day trading on Thursday, reaching C$102.79. 318,090 shares of the stock traded hands, compared to its average volume of 676,467. The stock’s fifty day simple moving average is C$93.40 and its two-hundred day simple moving average is C$100.17. CGI has a 1-year low of C$83.34 and a 1-year high of C$135.39. The company has a market cap 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 quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24.

CGI (TSE:GIB.A – Get Free Report) (NYSE:GIB) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$2.29 earnings per share (EPS) for the quarter. The company had revenue of C$4.19 billion during the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%. On average, research analysts anticipate that CGI will post 8.3679245 EPS for the current fiscal year.

CGI Company Profile

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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.

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