Brokerages Set CGI Inc. (NYSE:GIB) Target Price at $137.00

Shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) have earned a consensus recommendation of “Buy” from the five ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $137.00.

A number of analysts have issued reports on GIB shares. Sanford C. Bernstein raised CGI to a “strong-buy” rating in a research report on Thursday, August 1st. CIBC raised CGI from a “neutral” rating to an “outperformer” rating and raised their target price for the stock from $155.00 to $178.00 in a research report on Tuesday, October 15th. Cibc World Mkts upgraded CGI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. Finally, StockNews.com upgraded CGI from a “sell” rating to a “hold” rating in a research report on Friday.

CGI Stock Performance

NYSE:GIB opened at $107.39 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.36 and a quick ratio of 1.02. The business has a fifty day simple moving average of $113.74 and a two-hundred day simple moving average of $107.98. CGI has a 1 year low of $96.92 and a 1 year high of $118.89. The company has a market capitalization of $24.48 billion, a P/E ratio of 19.96, a P/E/G ratio of 2.27 and a beta of 0.96.

CGI Announces Dividend

The business also recently declared a — dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be given a $0.111 dividend. This represents a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, November 20th.

Institutional Investors Weigh In On CGI

Several large investors have recently added to or reduced their stakes in the business. Crestwood Advisors Group LLC boosted its stake in CGI by 2.4% during the third quarter. Crestwood Advisors Group LLC now owns 4,222 shares of the technology company’s stock valued at $485,000 after buying an additional 97 shares during the period. First Affirmative Financial Network boosted its stake in CGI by 4.0% during the second quarter. First Affirmative Financial Network now owns 2,841 shares of the technology company’s stock valued at $284,000 after buying an additional 109 shares during the period. West Family Investments Inc. boosted its stake in CGI by 5.5% during the third quarter. West Family Investments Inc. now owns 2,323 shares of the technology company’s stock valued at $267,000 after buying an additional 121 shares during the period. Cigna Investments Inc. New boosted its stake in CGI by 3.8% during the second quarter. Cigna Investments Inc. New now owns 3,948 shares of the technology company’s stock valued at $394,000 after buying an additional 146 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in CGI by 9.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company’s stock valued at $205,000 after buying an additional 173 shares during the period. Institutional investors own 66.68% of the company’s stock.

CGI Company Profile

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.