CGI Inc (TSE:GIB.A) Given Average Recommendation of “Buy” by Analysts

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been given a consensus recommendation of “Buy” by the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$169.83.

Several equities research analysts have issued reports on the stock. Royal Bank of Canada upped their price objective on CGI from C$170.00 to C$178.00 in a research note on Thursday, November 7th. CIBC upgraded shares of CGI from a “neutral” rating to an “outperform” rating and increased their price target for the company from C$155.00 to C$178.00 in a research note on Tuesday, October 15th. Raymond James boosted their price objective on shares of CGI from C$171.00 to C$180.00 in a research note on Thursday, November 7th. Finally, Canaccord Genuity Group upped their target price on shares of CGI from C$170.00 to C$175.00 in a report on Thursday, November 7th.

CGI Stock Performance

GIB.A opened at C$154.53 on Thursday. The business’s 50-day moving average price is C$157.13 and its two-hundred day moving average price is C$149.52. CGI has a 1 year low of C$132.06 and a 1 year high of C$162.63. The company has a market capitalization of C$31.49 billion, a price-to-earnings ratio of 21.61, 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.

CGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 20th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Wednesday, November 20th.

About CGI

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.