CGI (TSE:GIB.A) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

CGI (TSE:GIB.A) (NYSE:GIB) had its price target upped by research analysts at Canaccord Genuity Group from C$175.00 to C$190.00 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 9.12% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Raymond James lifted their price objective on shares of CGI from C$171.00 to C$180.00 in a research report on Thursday, November 7th. CIBC lifted their price objective on shares of CGI from C$178.00 to C$183.00 and gave the stock an “outperform” rating in a research report on Thursday. Stifel Nicolaus lifted their target price on shares of CGI from C$180.00 to C$185.00 in a report on Thursday. Canaccord Genuity Group boosted their price objective on CGI from C$170.00 to C$175.00 in a report on Thursday, November 7th. Finally, Royal Bank of Canada increased their target price on CGI from C$170.00 to C$178.00 in a research note on Thursday, November 7th. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$178.31.

CGI Stock Up 5.2 %

GIB.A traded up C$8.55 on Thursday, hitting C$174.12. 157,411 shares of the company were exchanged, compared to its average volume of 301,690. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. The stock’s fifty day moving average is C$157.88 and its 200-day moving average is C$153.67. The company has a market cap of C$35.48 billion, a PE ratio of 24.35, a PEG ratio of 2.24 and a beta of 0.86. CGI has a 12 month low of C$132.06 and a 12 month high of C$174.87.

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.