CGI (TSE:GIB.A) Price Target Lowered to C$120.00 at Scotiabank
by Teresa Graham · The Cerbat GemCGI (TSE:GIB.A – Get Free Report) (NYSE:GIB) had its price objective cut by stock analysts at Scotiabank from C$140.00 to C$120.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 21.11% from the stock’s previous close.
GIB.A has been the topic of a number of other reports. TD Securities lifted their price target on CGI from C$145.00 to C$153.00 and gave the company a “buy” rating in a report on Thursday, January 29th. BMO Capital Markets cut their price target on CGI from C$145.00 to C$137.00 in a report on Thursday, January 29th. Desjardins cut their price target on CGI from C$157.00 to C$149.00 in a report on Tuesday. Canaccord Genuity Group cut their price target on CGI from C$155.00 to C$150.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Finally, Royal Bank Of Canada cut their price target on CGI from C$165.00 to C$150.00 and set an “outperform” rating on the stock in a report on Monday, January 26th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, CGI currently has an average rating of “Moderate Buy” and an average target price of C$142.33.
Check Out Our Latest Report on CGI
CGI Trading Down 1.0%
Shares of CGI stock traded down C$0.96 on Friday, hitting C$99.08. 210,965 shares of the company traded hands, compared to its average volume of 656,839. The company has a market cap of C$21.28 billion, a PE ratio of 13.28, a PEG ratio of 2.24 and a beta of 0.09. CGI has a 52 week low of C$95.84 and a 52 week high of C$152.63. 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 stock’s 50 day moving average price is C$100.60 and its 200-day moving average price is C$115.27.
CGI (TSE:GIB.A – Get Free Report) (NYSE:GIB) last posted its earnings results on Wednesday, January 28th. The company reported C$2.12 earnings per share for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%.The company had revenue of C$4.08 billion during the quarter. Equities research analysts predict that CGI will post 8.3679245 EPS for the current year.
CGI Company Profile
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.