CGI (TSE:GIB.A) Price Target Raised to C$153.00 at TD Securities

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective boosted by TD Securities from C$145.00 to C$153.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 31.22% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. Sanford C. Bernstein lifted their target price on CGI from C$137.00 to C$142.00 in a research note on Thursday, November 6th. Scotiabank set a C$140.00 price objective on CGI and gave the company a “sector perform” rating in a research note on Tuesday. Raymond James Financial decreased their price objective on CGI from C$178.00 to C$168.00 in a report on Thursday, November 6th. BMO Capital Markets dropped their price objective on CGI from C$145.00 to C$137.00 in a research note on Thursday. Finally, CIBC cut their price target on shares of CGI from C$139.00 to C$132.00 in a report on Thursday. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$151.40.

CGI Trading Down 0.4%

Shares of GIB.A stock traded down C$0.49 during trading hours on Thursday, hitting C$116.60. 544,511 shares of the company’s stock traded hands, compared to its average volume of 524,447. The stock’s 50 day simple moving average is C$125.89 and its 200 day simple moving average is C$127.63. CGI has a 12 month low of C$113.60 and a 12 month high of C$175.35. The stock has a market cap of C$25.22 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 2.24 and a beta of 0.23. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24.

CGI (TSE:GIB.A) (NYSE:GIB) last released its earnings results on Wednesday, January 28th. The company reported C$2.12 EPS for the quarter. The business had revenue of C$4.08 billion during the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%. On average, sell-side analysts anticipate that CGI will post 8.3679245 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 91,000 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.