Zacks Investment Research upgraded NYSE: GIB stock to a rating of “buy” from a rating of “hold” during the Monday report. The company’s current price target is $77.00. CGI operates as a consulting and IT service provider.
What Do Stock Market Analysts Say About NYSE: GIB Reports?
BMO Capital Markets upgraded its NYSE: GIB objective price to $79.75 from $78.25. They also issued a rating of “outperform” to CGI on 30th July during a Thursday report. Scotiabank increased its CGI target price to $102.00 from $92.90 on 30th July during a Thursday report. They also issued a rating of “outperform to NYSE: GIB stock. Pi Financial issued a rating of “neutral” on CGI shares on 27th July during a Monday report. Barclays increased its target price to $80.00 from $70.00. They also issued a rating of “overweight” on 3rd August during a Monday report. Lastly, TD Securities increased its CGI target price to C$110.00 from C$100.00. They also issued a rating of “buy” on 30th July during a Thursday report.
Three stock market analysts issued a rating of “hold” on CGI (NYSE: GIB) stock. Meanwhile, nine analysts issued a rating of “Buy” to NYSE: GIB. Currently, CGI has an average “buy” rating and its consensus target price is $97.75.
On Monday, NYSE: GIB started trading at $0.52. The firm’s current ratio, debt to equity ratio, and quick ratio are 1.33, 0.52, and 1.02. The company’s market capitalization is $17.75 billion. It’s beta, PEG ratio, and price to earnings ratio are 0.90, 2.24, and 20.68. Furthermore, CGI’s 59 days moving average and 200 days moving average are $68.87 and $65.55. The firm’s fifty-two week low and high are $46.32 and $87.13.
Which Hedge Funds And Institutional Investors Increased Or Decreased Their CGI Holdings Recently?
The Manufacturers Life Insurance Cinoanhbuncreased its CGI holdings by 59.0 percent. It currently owns an estimate of $252,208,000, which comes from 4,711,648 company shares. FMR LLC also increased its NYSE: GIB holdings by 113.6 percent. They currently own an estimate of $193,968,000, which comes from 3,078, 816 company shares. QV Investors Inc recently acquired CGI (NYSE: GIB) holdings worth $53,781,000.
Toronto Dominion Bank also increased its CGI (NYSE: GIB) holdings by 112.7 percent. They currently own an estimate of $68.252,000, which comes from 1,069,721 company shares. Lastly, Morgan Stanley increased its CGI holdings by 109.3 percent. It currently owns an estimate of $41,154,000, which comes from 756,356 company shares.
We should note that 52.32 percent of CGI (NYSE: GIB) stock is under hedge funds and stock market institutional investors.