Sanford C. Bernstein Boosts CGI (TSE:GIB.A) Price Target to C$127.00

CGI (TSE:GIB.A) (NYSE:GIB) had its target price upped by Sanford C. Bernstein from C$126.00 to C$127.00 in a research report report published on Thursday morning, BayStreet.CA reports.

Several other research firms have also recently weighed in on GIB.A. Canaccord Genuity Group decreased their target price on shares of CGI from C$166.00 to C$160.00 and set a buy rating for the company in a research note on Friday, April 26th. Stifel Nicolaus boosted their price objective on shares of CGI from C$160.00 to C$170.00 and gave the stock a buy rating in a research note on Tuesday, January 30th. Desjardins cut their target price on shares of CGI from C$164.00 to C$162.00 and set a buy rating for the company in a research note on Wednesday, April 24th. Scotiabank lifted their price target on CGI from C$155.00 to C$165.00 and gave the stock an outperform rating in a report on Thursday, February 1st. Finally, TD Securities lowered CGI from a buy rating to a hold rating and dropped their price objective for the company from C$170.00 to C$165.00 in a research note on Friday, March 22nd. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, CGI presently has a consensus rating of Buy and an average target price of C$161.27.

CGI Stock Performance

Shares of GIB.A stock opened at C$141.86 on Thursday. CGI has a 12 month low of C$127.73 and a 12 month high of C$160.40. The company’s fifty day simple moving average is C$149.43 and its 200-day simple moving average is C$144.90. The firm has a market cap of C$29.27 billion, a PE ratio of 20.50, a P/E/G ratio of 1.48 and a beta of 0.80. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 34.93.

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.