Stifel Nicolaus Increases CGI (TSE:GIB.A) Price Target to C$185.00

CGI (TSE:GIB.A) (NYSE:GIB) had its target price upped by analysts at Stifel Nicolaus from C$180.00 to C$185.00 in a research report issued on Thursday,BayStreet.CA reports. Stifel Nicolaus’ price objective would indicate a potential upside of 6.04% from the stock’s current price.

Several other brokerages have also recently commented on GIB.A. CIBC raised shares of CGI from a “neutral” rating to an “outperform” rating and raised their price target for the company from C$155.00 to C$178.00 in a research report on Tuesday, October 15th. Canaccord Genuity Group increased their target price on CGI from C$170.00 to C$175.00 in a report on Thursday, November 7th. Royal Bank of Canada lifted their price target on CGI from C$170.00 to C$178.00 in a report on Thursday, November 7th. Finally, Raymond James increased their price objective on CGI from C$171.00 to C$180.00 in a report on Thursday, November 7th. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$170.25.

CGI Trading Up 5.4 %

Shares of GIB.A stock traded up C$8.89 on Thursday, hitting C$174.46. The stock had a trading volume of 107,988 shares, compared to its average volume of 298,496. The firm has a market capitalization of C$35.55 billion, a P/E ratio of 24.40, a P/E/G ratio of 2.24 and a beta of 0.86. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. The company’s 50 day moving average price is C$157.88 and its 200-day moving average price is C$153.67. CGI has a 1 year low of C$132.06 and a 1 year high of C$174.87.

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.