CGI (TSE:GIB.A) Stock Gets Price Target Boost from TD

CGI (TSE:GIB.A) (NYSE:GIB) had its price target raised by TD from C$118.00 to C$125.00 in a report issued on Thursday, BayStreet reports. The firm currently has a “hold” rating on the stock. TD‘s target price indicates a potential upside of 7.08% from the company’s previous close.

Several other research analysts have also weighed in on the stock. Canadian Imperial Bank of Commerce boosted their price objective on shares of CGI from C$107.00 to C$108.00 in a research note on Thursday, July 30th. Royal Bank Of Canada lifted their price objective on shares of CGI from C$100.00 to C$115.00 and gave the stock a “sector perform” rating in a research note on Thursday. Stifel Nicolaus increased their price target on CGI from C$120.00 to C$130.00 and gave the stock a “buy” rating in a research report on Thursday. National Bank Financial increased their price target on CGI from C$135.00 to C$145.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Desjardins lowered their price objective on CGI from C$118.00 to C$115.00 and set a “buy” rating on the stock in a research note on Thursday, October 8th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CGI presently has a consensus rating of “Moderate Buy” and a consensus target price of C$128.85.

CGI Trading Up 1.0%

Shares of GIB.A stock traded up C$1.13 on Thursday, hitting C$116.74. The stock had a trading volume of 334,444 shares, compared to its average volume of 653,051. CGI has a twelve month low of C$83.34 and a twelve month high of C$131.97. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The firm has a market cap of C$24.17 billion, a P/E ratio of 14.50, a PEG ratio of 2.24 and a beta of 0.29. The company has a fifty day moving average price of C$104.56 and a two-hundred day moving average price of C$100.25.

CGI (TSE:GIB.A) (NYSE:GIB) last issued its quarterly earnings results on Wednesday, November 11th. The company reported C$2.31 EPS for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%. The company had revenue of C$4.15 billion for the quarter. As a group, analysts forecast that CGI will post 8.37 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 94,000 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.