CGI Inc (TSE:GIB.A) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have received a consensus rating of “Buy” from the ten ratings firms that are covering the company, MarketBeat reports. Ten investment analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have covered the stock in the last year is C$161.27.

Several analysts have weighed in on GIB.A shares. BMO Capital Markets dropped their price objective on CGI from C$170.00 to C$160.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. CIBC dropped their price objective on CGI from C$169.00 to C$165.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. TD Securities raised CGI from a “hold” rating to a “buy” rating and dropped their price objective for the stock from C$165.00 to C$160.00 in a report on Thursday, May 2nd. Desjardins dropped their price objective on CGI from C$164.00 to C$162.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Finally, Canaccord Genuity Group dropped their price objective on CGI from C$166.00 to C$160.00 and set a “buy” rating for the company in a report on Friday, April 26th.

CGI Stock Down 0.3 %

Shares of TSE GIB.A opened at C$142.52 on Friday. The firm’s 50-day simple moving average is C$144.72 and its 200 day simple moving average is C$145.70. The company has a market cap of C$29.32 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 1.48 and a beta of 0.81. The company has a quick ratio of 0.97, a current ratio of 1.17 and a debt-to-equity ratio of 34.26. CGI has a 12-month low of C$127.73 and a 12-month high of C$160.40.

CGI Company Profile

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.