CGI Inc (TSE:GIB.A) Receives C$110.65 Consensus Target Price from Analysts
Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have been assigned an average rating of “Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$110.65.
GIB.A has been the subject of a number of research analyst reports. BMO Capital Markets upped their price target on CGI from C$115.00 to C$117.00 in a report on Thursday, November 7th. TD Securities upped their price target on CGI from C$120.00 to C$130.00 and gave the company a “buy” rating in a report on Friday. Finally, Raymond James set a C$110.00 price target on CGI and gave the company an “outperform” rating in a report on Wednesday, November 6th.
GIB.A traded down C$0.04 on Friday, reaching C$112.62. The company’s stock had a trading volume of 38,028 shares, compared to its average volume of 766,117. The stock has a 50 day moving average of C$110.00 and a two-hundred day moving average of C$105.02. The company has a quick ratio of 0.93, a current ratio of 1.13 and a debt-to-equity ratio of 34.15. The company has a market capitalization of $27.11 billion and a price-to-earnings ratio of 24.75. CGI has a fifty-two week low of C$84.09 and a fifty-two week high of C$113.37.
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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