CGI (TSE:GIB.A) Stock Price Expected to Rise, TD Securities Analyst Says

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective boosted by investment analysts at TD Securities from C$180.00 to C$190.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 9.12% from the company’s current price.

GIB.A has been the subject of several other reports. Stifel Nicolaus upped their target price on CGI from C$180.00 to C$185.00 in a research note on Thursday. Canaccord Genuity Group raised their price objective on CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th. Desjardins lifted their target price on CGI from C$178.00 to C$190.00 and gave the company a “buy” rating in a research report on Thursday. BMO Capital Markets increased their target price on shares of CGI from C$177.00 to C$190.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Royal Bank of Canada lifted their price target on shares of CGI from C$178.00 to C$192.00 and gave the company an “outperform” rating in a report on Thursday. Twelve analysts have rated the stock with a buy rating, According to MarketBeat.com, CGI currently has an average rating of “Buy” and a consensus target price of C$178.31.

CGI Price Performance

Shares of TSE:GIB.A traded up C$8.55 during midday trading on Thursday, hitting C$174.12. The stock had a trading volume of 157,411 shares, compared to its average volume of 301,690. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24. The company has a market capitalization of C$35.48 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The company’s 50-day moving average price is C$157.88 and its 200-day moving average price is C$153.67. CGI has a fifty-two week low of C$132.06 and a fifty-two week 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.