Pi Financial Increases CGI (TSE:GIB.A) Price Target to C$113.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price target raised by research analysts at Pi Financial from C$109.00 to C$113.00 in a research report issued on Sunday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. Pi Financial’s price target suggests a potential upside of 18.11% from the company’s previous close.

Several other equities research analysts also recently weighed in on GIB.A. Scotiabank increased their target price on shares of CGI from C$90.00 to C$92.00 in a research note on Thursday, April 30th. Canaccord Genuity decreased their price objective on shares of CGI from C$116.00 to C$100.00 in a research note on Tuesday, April 28th. Eight Capital upped their target price on CGI from C$92.00 to C$98.00 in a research note on Thursday. Raymond James set a C$102.00 price target on CGI and gave the stock an “outperform” rating in a research note on Thursday. Finally, Royal Bank of Canada cut their price objective on CGI from C$125.00 to C$110.00 and set an “outperform” rating on the stock in a research report on Monday, April 27th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. CGI presently has a consensus rating of “Buy” and a consensus price target of C$103.50.

Shares of CGI stock opened at C$95.67 on Friday. The stock has a 50 day moving average price of C$87.42 and a 200-day moving average price of C$90.51. CGI has a one year low of C$67.23 and a one year high of C$114.49. The stock has a market cap of $22.02 billion and a price-to-earnings ratio of 21.07. The company has a debt-to-equity ratio of 61.67, a quick ratio of 0.87 and a current ratio of 1.08.

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.

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Analyst Recommendations for CGI (TSE:GIB.A)

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