CGI’s (GIB.A) Outperform Rating Reiterated at Raymond James

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Raymond James reissued their outperform rating on shares of CGI (TSE:GIB.A) (NYSE:GIB) in a research report report published on Thursday, BayStreet.CA reports. The firm currently has a C$104.00 price target on the stock.

GIB.A has been the subject of a number of other research reports. CIBC raised their price objective on shares of CGI from C$90.00 to C$92.00 in a report on Tuesday, March 12th. TD Securities raised their price objective on shares of CGI from C$96.00 to C$97.00 and gave the stock a buy rating in a report on Thursday, January 31st. Desjardins downgraded shares of CGI from a buy rating to a hold rating and set a C$94.50 price objective for the company. in a report on Thursday, January 31st. BMO Capital Markets restated an outperform rating and set a C$94.00 price objective on shares of CGI in a report on Wednesday, January 16th. Finally, Barclays restated a buy rating and set a C$92.00 price objective on shares of CGI in a report on Thursday, January 31st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of C$100.86.

Shares of GIB.A stock traded down C$0.33 on Thursday, hitting C$96.77. The stock had a trading volume of 424,876 shares, compared to its average volume of 766,117. The company has a market cap of $23.81 billion and a P/E ratio of 24.50. The company has a debt-to-equity ratio of 28.03, a current ratio of 1.00 and a quick ratio of 0.84. CGI has a 12-month low of C$61.73 and a 12-month high of C$77.22.

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.

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Analyst Recommendations for CGI (TSE:GIB.A)

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