Royal Bank of Canada Boosts CGI (TSE:GIB.A) Price Target to C$170.00

CGI (TSE:GIB.A) (NYSE:GIB) had its target price upped by Royal Bank of Canada from C$163.00 to C$170.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Other equities analysts have also issued reports about the company. BMO Capital Markets raised their price target on CGI from C$160.00 to C$170.00 and gave the stock an outperform rating in a report on Monday, July 29th. Canaccord Genuity Group reduced their target price on CGI from C$166.00 to C$160.00 and set a buy rating for the company in a report on Friday, April 26th. Stifel Nicolaus increased their price target on shares of CGI from C$170.00 to C$180.00 and gave the stock a buy rating in a report on Thursday. Desjardins reduced their price objective 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. Finally, National Bankshares upped their target price on shares of CGI from C$175.00 to C$185.00 in a report on Thursday. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of C$165.25.

CGI Stock Down 2.3 %

GIB.A opened at C$151.05 on Thursday. CGI has a 12 month low of C$129.00 and a 12 month high of C$160.40. The company has a market cap of C$31.08 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 1.48 and a beta of 0.81. The company has a current ratio of 1.17, a quick ratio of 0.97 and a debt-to-equity ratio of 34.26. The company has a 50 day moving average of C$141.26 and a 200 day moving average of C$146.05.

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.