CGI Inc (TSE:GIB.A) Given Average Recommendation of “Moderate Buy” by Analysts

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been given an average recommendation of “Moderate Buy” by the eleven analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$165.25.

A number of brokerages recently issued reports on GIB.A. Raymond James raised their target price on CGI from C$167.00 to C$171.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Desjardins raised their target price on CGI from C$166.00 to C$172.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada raised their target price on CGI from C$163.00 to C$170.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. BMO Capital Markets raised their target price on CGI from C$160.00 to C$170.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Finally, Sanford C. Bernstein raised their target price on CGI from C$127.00 to C$138.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st.

CGI Stock Performance

Shares of GIB.A stock opened at C$154.40 on Friday. The firm has a market capitalization of C$31.47 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. The business has a fifty day moving average of C$150.32 and a 200 day moving average of C$145.85. CGI has a 1 year low of C$129.00 and a 1 year high of C$160.40.

About CGI

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.