CGI (TSE:GIB.A) Given a C$192.00 Price Target at Royal Bank of Canada

CGI (TSE:GIB.A) (NYSE:GIB) received a C$192.00 price target from Royal Bank of Canada in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 34.25% from the company’s previous close.

GIB.A has been the subject of several other reports. Raymond James lifted their price objective on CGI from C$180.00 to C$183.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Scotiabank increased their target price on CGI from C$170.00 to C$185.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. BMO Capital Markets boosted their price objective on shares of CGI from C$177.00 to C$190.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Canaccord Genuity Group boosted their target price on CGI from C$175.00 to C$190.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, TD Securities raised their target price on shares of CGI from C$180.00 to C$190.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$178.31.

CGI Price Performance

GIB.A stock traded down C$1.46 on Wednesday, reaching C$143.02. 117,143 shares of the company’s stock were exchanged, compared to its average volume of 418,987. The firm has a market cap of C$29.15 billion, a PE ratio of 20.00, a P/E/G ratio of 2.24 and a beta of 0.86. CGI has a twelve month low of C$132.06 and a twelve month high of C$175.35. The stock has a fifty day moving average of C$159.05 and a 200-day moving average of C$157.14. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24.

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.