CGI Inc (TSE:GIB.A) Receives Consensus Recommendation of “Buy” from Analysts

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have been given a consensus recommendation of “Buy” by the twelve ratings firms that are currently covering the company, Marketbeat.com reports. Twelve research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$178.31.

GIB.A has been the subject of a number of research analyst reports. Canaccord Genuity Group lifted their price objective on shares of CGI from C$175.00 to C$190.00 and gave the company a “buy” rating in a report on Thursday. TD Securities boosted their price target on CGI from C$180.00 to C$190.00 and gave the company a “buy” rating in a report on Thursday. Canaccord Genuity Group raised their price objective on CGI from C$170.00 to C$175.00 in a report on Thursday, November 7th. Desjardins upped their target price on CGI from C$178.00 to C$190.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Scotiabank raised their price target on CGI from C$170.00 to C$185.00 and gave the company an “outperform” rating in a research note on Thursday.

CGI Trading Up 4.2 %

Shares of GIB.A opened at C$172.46 on Friday. The company’s fifty day simple moving average is C$157.88 and its 200-day simple moving average is C$153.67. The company has a market cap of C$35.15 billion, a P/E ratio of 24.12, a P/E/G ratio of 2.24 and a beta of 0.86. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. CGI has a twelve month low of C$132.06 and a twelve month high of C$175.35.

CGI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.35%. 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.