CGI Inc (TSE:GIB.A) Receives C$169.83 Consensus PT from Brokerages

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have been given an average rating of “Buy” by the eleven brokerages that are presently covering the stock, MarketBeat reports. Eleven equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$169.83.

Several research firms recently issued reports on GIB.A. Desjardins raised their price target on CGI from C$166.00 to C$172.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada increased their target price on shares of CGI from C$170.00 to C$178.00 in a report on Thursday, November 7th. Stifel Nicolaus boosted their target price on CGI from C$170.00 to C$180.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. TD Securities lifted their target price on shares of CGI from C$160.00 to C$180.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, CIBC raised CGI from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$155.00 to C$178.00 in a research report on Tuesday, October 15th.

CGI Price Performance

Shares of TSE:GIB.A opened at C$156.36 on Friday. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. The company’s fifty day moving average price is C$155.88 and its 200-day moving average price is C$147.45. CGI has a one year low of C$132.06 and a one year high of C$160.75. The firm has a market capitalization of C$31.86 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 2.24 and a beta of 0.86.

CGI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 20th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.38%.

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.