CGI (TSE:GIB.A) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

CGI (TSE:GIB.A) (NYSE:GIB) had its price target hoisted by Royal Bank of Canada from C$170.00 to C$178.00 in a note issued to investors on Thursday,BayStreet.CA reports. Royal Bank of Canada’s target price points to a potential upside of 14.32% from the stock’s previous close.

Several other research analysts have also recently weighed in on the stock. Jefferies Financial Group upped their price objective on shares of CGI from C$121.00 to C$132.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Sanford C. Bernstein upped their target price on shares of CGI from C$127.00 to C$138.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. CIBC upgraded CGI from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from C$155.00 to C$178.00 in a research report on Tuesday, October 15th. BMO Capital Markets increased their price target on shares of CGI from C$160.00 to C$170.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. Finally, Raymond James boosted their price objective on shares of CGI from C$167.00 to C$171.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat, CGI has an average rating of “Buy” and an average price target of C$169.83.

CGI Stock Performance

Shares of TSE:GIB.A traded down C$1.27 during mid-day trading on Thursday, reaching C$155.71. The company had a trading volume of 98,940 shares, compared to its average volume of 328,642. CGI has a one year low of C$132.06 and a one year high of C$160.75. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The company’s 50-day moving average price is C$154.96 and its 200-day moving average price is C$146.64. The firm has a market cap of C$31.73 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 2.24 and a beta of 0.86.

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.