CGI (TSE:GIB.A) Price Target Raised to C$190.00 at BMO Capital Markets

CGI (TSE:GIB.A) (NYSE:GIB) had its target price upped by analysts at BMO Capital Markets from C$177.00 to C$190.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 10.90% from the stock’s current price.

Several other research firms have also issued reports on GIB.A. Canaccord Genuity Group boosted their target price on shares of CGI from C$175.00 to C$190.00 and gave the stock a “buy” rating in a report on Thursday. Canaccord Genuity Group boosted their price objective on shares of CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th. CIBC increased their target price on shares of CGI from C$178.00 to C$183.00 and gave the company an “outperform” rating in a research report on Thursday. Raymond James lifted their price target on shares of CGI from C$171.00 to C$180.00 in a report on Thursday, November 7th. Finally, Royal Bank of Canada increased their price objective on CGI from C$170.00 to C$178.00 in a report on Thursday, November 7th. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$178.31.

CGI Trading Down 0.7 %

Shares of TSE:GIB.A opened at C$171.33 on Thursday. The company has a market capitalization of C$34.92 billion, a PE ratio of 23.96, a P/E/G ratio of 2.24 and a beta of 0.86. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. CGI has a 12-month low of C$132.06 and a 12-month high of C$175.35. The business’s fifty day simple moving average is C$158.26 and its 200-day simple moving average is C$153.80.

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.