CGI (TSE:GIB.A) PT Raised to C$117.00
CGI (TSE:GIB.A) (NYSE:GIB) had its price objective increased by investment analysts at BMO Capital Markets from C$115.00 to C$117.00 in a research note issued to investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 10.21% from the company’s previous close.
A number of other analysts have also recently commented on the company. Royal Bank of Canada boosted their price objective on CGI from C$108.00 to C$115.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. CIBC boosted their price objective on CGI from C$101.00 to C$106.00 in a research report on Friday, July 26th. Eight Capital boosted their price objective on CGI from C$98.00 to C$106.00 in a research report on Tuesday, July 30th. Raymond James set a C$110.00 price objective on CGI and gave the company an “outperform” rating in a research report on Wednesday. Finally, Canaccord Genuity boosted their price objective on CGI from C$106.00 to C$116.00 in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$109.65.
Shares of CGI stock traded up C$1.25 on Thursday, reaching C$106.16. The company’s stock had a trading volume of 382,734 shares, compared to its average volume of 766,117. The company has a market capitalization of $25.56 billion and a P/E ratio of 24.19. CGI has a 52-week low of C$77.92 and a 52-week high of C$106.63. The stock has a 50-day moving average price of C$103.06 and a 200-day moving average price of C$101.41. The company has a quick ratio of 0.89, a current ratio of 1.09 and a debt-to-equity ratio of 38.85.
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.
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