CGI (TSE:GIB.A) PT Set at C$192.00 by Royal Bank of Canada

CGI (TSE:GIB.A) (NYSE:GIB) received a C$192.00 target price from stock analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 35.07% from the stock’s current price.

Several other equities research analysts have also weighed in on the stock. Scotiabank increased their target price on shares of CGI from C$170.00 to C$185.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Canaccord Genuity Group lifted their target price on shares of CGI from C$175.00 to C$190.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. BMO Capital Markets increased their price target on CGI from C$177.00 to C$190.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Stifel Nicolaus raised their price target on CGI from C$180.00 to C$185.00 in a report on Thursday, January 30th. Finally, Raymond James boosted their price objective on CGI from C$180.00 to C$183.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Twelve analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$178.31.

CGI Price Performance

Shares of CGI stock opened at C$142.15 on Wednesday. The firm has a market cap of C$28.97 billion, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The firm’s 50-day simple moving average is C$158.51 and its 200-day simple moving average is C$157.05. CGI has a twelve month low of C$132.06 and a twelve month high of C$175.35. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16.

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.