CGI (TSE:GIB.A) Given a C$140.00 Price Target at Scotiabank

CGI (TSE:GIB.A) (NYSE:GIB) has been given a C$140.00 price target by stock analysts at Scotiabank in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential upside of 15.93% from the company’s current price.

A number of other equities analysts have also weighed in on GIB.A. Royal Bank Of Canada cut their price objective on shares of CGI from C$165.00 to C$150.00 and set an “outperform” rating for the company in a research report on Monday. Desjardins lowered their target price on shares of CGI from C$169.00 to C$160.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th. Raymond James Financial reduced their price target on CGI from C$178.00 to C$168.00 in a research note on Thursday, November 6th. Sanford C. Bernstein lifted their price objective on CGI from C$137.00 to C$142.00 in a research report on Thursday, November 6th. Finally, TD Securities decreased their price target on CGI from C$190.00 to C$145.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$159.90.

CGI Price Performance

Shares of TSE:GIB.A traded down C$1.69 on Tuesday, hitting C$120.76. The company had a trading volume of 224,803 shares, compared to its average volume of 450,997. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. CGI has a 52-week low of C$117.71 and a 52-week high of C$175.35. The business has a 50 day moving average of C$125.99 and a 200 day moving average of C$127.83. The company has a market cap of C$26.12 billion, a PE ratio of 16.43, a PEG ratio of 2.24 and a beta of 0.23.

CGI (TSE:GIB.A) (NYSE:GIB) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$2.13 EPS for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%.The firm had revenue of C$4.01 billion during the quarter. As a group, equities analysts anticipate that CGI will post 8.3679245 earnings per share for the current fiscal year.

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. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.