CGI Inc (TSE:GIB.A) Receives Average Recommendation of “Buy” from Brokerages

CGI Inc (TSE:GIB.AGet Rating) (NYSE:GIB) has been given a consensus recommendation of “Buy” by the twelve brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$126.09.

Several equities analysts have recently issued reports on the stock. CIBC lifted their target price on shares of CGI from C$130.00 to C$135.00 and gave the company an “outperform” rating in a report on Thursday, February 3rd. Raymond James set a C$130.00 price objective on CGI and gave the company an “outperform” rating in a research note on Thursday, April 28th. Societe Generale raised CGI to a “buy” rating and set a C$119.00 target price on the stock in a research note on Friday, April 29th. Royal Bank of Canada dropped their price target on shares of CGI from C$127.00 to C$120.00 and set an “outperform” rating on the stock in a research note on Thursday, April 28th. Finally, Scotiabank raised their price objective on shares of CGI from C$131.00 to C$132.00 in a research note on Thursday, February 3rd.

Shares of CGI stock traded up C$3.22 during trading on Friday, hitting C$104.51. The company’s stock had a trading volume of 660,060 shares, compared to its average volume of 445,171. CGI has a 52 week low of C$98.77 and a 52 week high of C$116.88. The company has a debt-to-equity ratio of 55.38, a quick ratio of 0.95 and a current ratio of 1.19. The company has a fifty day simple moving average of C$102.32 and a two-hundred day simple moving average of C$106.26. The company has a market capitalization of C$25.05 billion and a PE ratio of 18.14.

About CGI (Get Rating)

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.

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Analyst Recommendations for CGI (TSE:GIB.A)

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