CGI (TSE:GIB.A) Given New C$115.00 Price Target at Desjardins

CGI (TSE:GIB.A – Get Free Report) (NYSE:GIB) had its target price lowered by analysts at Desjardins from C$118.00 to C$115.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 16.89% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on GIB.A. TD boosted their target price on shares of CGI from C$99.00 to C$118.00 and gave the company a “hold” rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce lifted their price objective on shares of CGI from C$107.00 to C$108.00 in a research note on Thursday, July 30th. National Bank Financial set a C$135.00 price objective on shares of CGI and gave the company an “outperform” rating in a report on Friday, June 12th. Finally, Stifel Nicolaus boosted their price objective on shares of CGI from C$110.00 to C$120.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$124.00.

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CGI Stock Performance

TSE:GIB.A traded up C$0.09 during mid-day trading on Thursday, hitting C$98.38. 163,674 shares of the stock were exchanged, compared to its average volume of 651,602. The stock has a market capitalization of C$20.37 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 2.24 and a beta of 0.20. The firm’s 50-day simple moving average is C$100.78 and its 200 day simple moving average is C$97.10. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. CGI has a fifty-two week low of C$83.34 and a fifty-two week high of C$131.97.

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

About CGI

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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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