CGI (TSE:GIB.A) PT Raised to C$106.00 at Eight Capital

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective raised by Eight Capital from C$98.00 to C$106.00 in a report released on Tuesday, BayStreet.CA reports.

Several other equities research analysts have also issued reports on GIB.A. Raymond James lifted their price target on shares of CGI from C$104.00 to C$110.00 in a research note on Wednesday, July 24th. TD Securities lifted their price target on shares of CGI from C$97.00 to C$110.00 and gave the company a buy rating in a research note on Thursday, May 2nd. Canaccord Genuity lifted their price target on shares of CGI from C$95.00 to C$106.00 in a research note on Thursday, May 2nd. Royal Bank of Canada lifted their price target on shares of CGI from C$100.00 to C$108.00 and gave the company an outperform rating in a research note on Thursday, May 2nd. Finally, CIBC lifted their price target on shares of CGI from C$101.00 to C$106.00 in a research note on Friday, July 26th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of C$108.15.

Shares of GIB.A stock opened at C$100.54 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 31.19. CGI has a 1 year low of C$75.54 and a 1 year high of C$106.11. The company has a fifty day simple moving average of C$102.37. The firm has a market cap of $24.60 billion and a price-to-earnings ratio of 23.50.

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.

Featured Article: Bollinger Bands

Analyst Recommendations for CGI (TSE:GIB.A)

Receive News & Ratings for CGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CGI and related companies with MarketBeat.com's FREE daily email newsletter.