CGI (TSE:GIB.A) Price Target Raised to C$183.00 at Raymond James

CGI (TSE:GIB.A) (NYSE:GIB) had its target price lifted by equities researchers at Raymond James from C$180.00 to C$183.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential upside of 5.10% from the company’s current price.

Other analysts have also issued research reports about the stock. Canaccord Genuity Group boosted their price objective on shares of CGI from C$175.00 to C$190.00 and gave the stock a “buy” rating in a research report on Thursday. BMO Capital Markets boosted their price target on shares of CGI from C$177.00 to C$190.00 and gave the stock an “outperform” rating in a research report on Thursday. CIBC raised their price objective on CGI from C$178.00 to C$183.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank of Canada upped their target price on CGI from C$178.00 to C$192.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Canaccord Genuity Group increased their price target on CGI from C$170.00 to C$175.00 in a research report on Thursday, November 7th. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$178.31.

CGI Stock Up 5.2 %

Shares of CGI stock traded up C$8.55 during trading on Thursday, reaching 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 current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The company has a market capitalization of C$35.48 billion, a price-to-earnings ratio of 24.35, a P/E/G ratio of 2.24 and a beta of 0.86. CGI has a 52 week low of C$132.06 and a 52 week high of C$174.87. The stock has a fifty day moving average price of C$157.88 and a two-hundred day moving average price of C$153.67.

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.