CGI (TSE:GIB.A) Given New C$106.00 Price Target at CIBC

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective boosted by CIBC from C$101.00 to C$106.00 in a research note issued to investors on Friday morning, BayStreet.CA reports.

GIB.A has been the subject of a number of other reports. TD Securities reduced their price target on shares of WPX Energy from $19.00 to $18.50 and set a buy rating for the company in a research report on Thursday, May 2nd. BMO Capital Markets raised shares of TMAC Resources from a market perform rating to an outperform rating in a report on Thursday, May 2nd. Raymond James reaffirmed an average rating and set a $135.00 target price on shares of China Metro Rural in a research note on Wednesday. Royal Bank of Canada set a $42.00 target price on shares of Devon Energy and gave the stock a hold rating in a research note on Thursday, May 2nd. Finally, National Bank Financial lowered their price target on shares of Stelco from C$21.00 to C$18.00 and set an outperform rating on the stock in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. CGI presently has a consensus rating of Buy and a consensus target price of C$104.15.

TSE GIB.A traded up C$1.20 during trading on Friday, reaching C$105.74. 294,062 shares of the company’s stock traded hands, compared to its average volume of 766,117. CGI has a 12-month low of C$75.54 and a 12-month high of C$104.22. The stock has a market cap of $24.60 billion and a price-to-earnings ratio of 24.72. The company has a debt-to-equity ratio of 31.19, a quick ratio of 0.98 and a current ratio of 1.16. The company has a 50 day simple moving average of C$101.88.

CGI Company Profile

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.

Further Reading: Retained Earnings

Analyst Recommendations for CGI (TSE:GIB.A)

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