Shares of CGI Inc. (NYSE:GIB – Get Free Report) (TSE:GIB.A) have been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $132.67.
A number of analysts have commented on the stock. Sanford C. Bernstein upgraded shares of CGI to a “strong-buy” rating in a research note on Thursday, August 1st. Jefferies Financial Group boosted their price target on CGI from $120.00 to $121.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. CIBC cut CGI from a “sector outperform” rating to a “neutral” rating in a research report on Friday, June 21st. UBS Group assumed coverage on CGI in a research note on Friday, July 19th. They set a “neutral” rating and a $112.00 target price for the company. Finally, TD Securities upgraded CGI from a “hold” rating to a “buy” rating in a research note on Thursday, May 2nd.
Check Out Our Latest Research Report on CGI
Hedge Funds Weigh In On CGI
CGI Trading Up 1.4 %
CGI stock opened at $111.21 on Wednesday. The company has a market cap of $25.66 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of 2.59 and a beta of 0.95. The firm has a 50-day moving average of $105.34 and a 200-day moving average of $106.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 0.86. CGI has a one year low of $93.07 and a one year high of $118.89.
About CGI
CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.
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