CGI (TSE:GIB.A) Price Target Raised to C$145.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective raised by analysts at National Bank Financial from C$135.00 to C$145.00 in a report released on Thursday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial‘s price target would suggest a potential upside of 24.21% from the stock’s previous close.

Several other brokerages have also recently weighed in on GIB.A. TD increased 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, July 30th. Desjardins cut their target price on shares of CGI from C$118.00 to C$115.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. Canadian Imperial Bank of Commerce upped their target price on shares of CGI from C$107.00 to C$108.00 in a report on Thursday, July 30th. Finally, Stifel Nicolaus increased their price target on shares of CGI from C$110.00 to C$120.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$128.85.

CGI Stock Up 1.0%

Shares of GIB.A stock 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 52-week low of C$83.34 and a 52-week high of C$131.97. The business has a 50-day moving average price of C$104.56 and a 200 day moving average price of C$100.25. 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 stock has a market cap of C$24.17 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 2.24 and a beta of 0.29.

CGI (TSE:GIB.A) (NYSE:GIB) last released its quarterly earnings data on Wednesday, November 11th. The company reported C$2.31 EPS for the quarter. The company had revenue of C$4.15 billion for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%. Research analysts predict that CGI will post 8.37 EPS for the current fiscal year.

About CGI

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.