Stifel Nicolaus Forecasts Strong Price Appreciation for CGI (TSE:GIB.A) Stock

CGI (TSE:GIB.AGet Free Report) (NYSE:GIB) had its price objective raised by stock analysts at Stifel Nicolaus from C$180.00 to C$185.00 in a research note issued on Thursday,BayStreet.CA reports. Stifel Nicolaus’ target price would suggest a potential upside of 6.04% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Royal Bank of Canada lifted their target price on CGI from C$170.00 to C$178.00 in a report on Thursday, November 7th. CIBC raised shares of CGI from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from C$155.00 to C$178.00 in a research report on Tuesday, October 15th. Canaccord Genuity Group lifted their price objective on shares of CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th. Finally, Raymond James increased their price target on CGI from C$171.00 to C$180.00 in a research report on Thursday, November 7th. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CGI has an average rating of “Buy” and an average price target of C$170.25.

Read Our Latest Stock Report on CGI

CGI Price Performance

Shares of TSE:GIB.A traded up C$8.89 during trading on Thursday, hitting C$174.46. 107,988 shares of the company’s stock were exchanged, compared to its average volume of 298,496. The company has a market cap of C$35.55 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 2.24 and a beta of 0.86. CGI has a 52-week low of C$132.06 and a 52-week high of C$174.87. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. The business’s 50-day simple moving average is C$157.88 and its 200 day simple moving average is C$153.67.

CGI Company Profile

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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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