Sanford C. Bernstein Forecasts Strong Price Appreciation for CGI (TSE:GIB.A) Stock

CGI (TSE:GIB.A) (NYSE:GIB) had its price target lifted by Sanford C. Bernstein from C$137.00 to C$142.00 in a research report issued on Thursday,BayStreet.CA reports. Sanford C. Bernstein’s price target would suggest a potential upside of 17.42% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. CIBC cut their price objective on shares of CGI from C$180.00 to C$149.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. TD Securities dropped their price target on shares of CGI from C$190.00 to C$145.00 and set a “buy” rating for the company in a research note on Friday, October 3rd. Royal Bank Of Canada cut their price target on shares of CGI from C$185.00 to C$175.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. Desjardins reduced their price objective on shares of CGI from C$169.00 to C$160.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Raymond James Financial dropped their target price on CGI from C$178.00 to C$168.00 in a research report on Thursday. Eight analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$166.90.

CGI Stock Performance

TSE GIB.A opened at C$120.93 on Thursday. The company has a market cap of C$26.96 billion, a P/E ratio of 16.45, a P/E/G ratio of 2.24 and a beta of 0.27. 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 business’s 50 day moving average price is C$125.90 and its 200-day moving average price is C$136.22. CGI has a fifty-two week low of C$118.54 and a fifty-two week high of C$175.35.

About CGI

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions.