CGI Inc (TSE:GIB.A) Receives C$169.83 Consensus Target Price from Analysts

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have been assigned an average rating of “Buy” from the eleven research firms that are covering the stock, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$169.83.

A number of equities research analysts have recently issued reports on GIB.A shares. CIBC raised shares of CGI from a “neutral” rating to an “outperform” rating and boosted 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 target price on CGI from C$171.00 to C$180.00 in a research report on Thursday, November 7th. Canaccord Genuity Group raised their price target on CGI from C$170.00 to C$175.00 in a research report on Thursday, November 7th. Finally, Royal Bank of Canada boosted their price objective on CGI from C$170.00 to C$178.00 in a report on Thursday, November 7th.

CGI Stock Down 0.4 %

Shares of GIB.A opened at C$155.54 on Monday. The company’s 50-day moving average price is C$156.92 and its 200 day moving average price is C$151.64. CGI has a 12-month low of C$132.06 and a 12-month high of C$162.63. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The firm has a market cap of C$31.70 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86.

CGI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Wednesday, November 20th.

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.