CGI (TSE:GIB.A) Stock Price Expected to Rise, Desjardins Analyst Says

CGI (TSE:GIB.A) (NYSE:GIB) had its target price hoisted by research analysts at Desjardins from C$115.00 to C$126.00 in a research report issued on Thursday, BayStreet reports. The firm currently has a “buy” rating on the stock. Desjardins‘s target price points to a potential upside of 7.93% from the stock’s current price.

A number of other brokerages also recently weighed in on GIB.A. TD increased their price target on shares of CGI from C$118.00 to C$125.00 and gave the company a “hold” rating in a report on Thursday. Scotia boosted their price objective on shares of CGI from C$95.00 to C$110.00 and gave the stock a “sector perform” rating in a report on Thursday. Stifel Nicolaus boosted their price objective on shares of CGI from C$120.00 to C$130.00 and gave the stock a “buy” rating in a report on Thursday. Royal Bank Of Canada boosted their price objective on CGI from C$100.00 to C$115.00 and gave the company a “sector perform” rating in a research report on Thursday. Finally, Canadian Imperial Bank of Commerce boosted their price objective on CGI from C$107.00 to C$108.00 in a research report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$128.85.

CGI Stock Performance

Shares of GIB.A traded up C$1.13 during mid-day trading on Thursday, hitting C$116.74. The company’s stock had a trading volume of 334,444 shares, compared to its average volume of 653,051. CGI has a one year low of C$83.34 and a one year high of C$131.97. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. The firm has a market capitalization of C$24.17 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 2.24 and a beta of 0.29. The stock’s 50-day moving average is C$104.56 and its two-hundred day moving average is C$100.25.

CGI (TSE:GIB.A) (NYSE:GIB) last announced its earnings results on Wednesday, November 11th. The company reported C$2.31 earnings per share (EPS) for the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. The business had revenue of C$4.15 billion for the quarter. As a group, sell-side analysts anticipate that CGI will post 8.37 EPS for the current year.

CGI Company Profile

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.