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

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have received an average recommendation of “Buy” from the eleven ratings firms that are covering the firm, Marketbeat reports. Eleven investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have covered the stock in the last year is C$169.83.

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

CGI Price Performance

CGI stock opened at C$157.00 on Monday. 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 50-day moving average price of C$157.02 and a 200-day moving average price of C$151.41. The firm has a market capitalization of C$32.00 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86.

CGI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was 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.