Brokerages Set CGI Inc (TSE:GIB.A) Target Price at C$178.31

CGI Inc (TSE:GIB.A) (NYSE:GIB) has received a consensus rating of “Buy” from the twelve analysts that are currently covering the firm, Marketbeat.com reports. Twelve research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$178.31.

GIB.A has been the subject of several recent analyst reports. Royal Bank of Canada raised their target price on CGI from C$178.00 to C$192.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. CIBC raised their price objective on CGI from C$178.00 to C$183.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Scotiabank lifted their price objective on CGI from C$170.00 to C$185.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. TD Securities increased their target price on CGI from C$180.00 to C$190.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Desjardins raised their price target on shares of CGI from C$178.00 to C$190.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th.

CGI Stock Up 1.2 %

TSE GIB.A opened at C$143.34 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24. CGI has a fifty-two week low of C$132.06 and a fifty-two week high of C$175.35. The business has a 50 day moving average price of C$159.25 and a two-hundred day moving average price of C$157.16. The stock has a market cap of C$29.21 billion, a PE ratio of 20.05, a P/E/G ratio of 2.24 and a beta of 0.86.

CGI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 21st were issued a dividend of $0.15 per share. The ex-dividend date was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.42%.

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.