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

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have been assigned a consensus rating of “Buy” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$169.83.

A number of brokerages have issued reports on GIB.A. Royal Bank of Canada lifted their price objective on CGI from C$170.00 to C$178.00 in a research note on Thursday, November 7th. Raymond James upped their price target on shares of CGI from C$171.00 to C$180.00 in a research note on Thursday, November 7th. Canaccord Genuity Group raised their price objective on shares of CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th. Finally, CIBC upgraded shares of CGI from a “neutral” rating to an “outperform” rating and upped their target price for the stock from C$155.00 to C$178.00 in a research note on Tuesday, October 15th.

CGI Price Performance

Shares of TSE GIB.A opened at C$155.54 on Monday. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. The company has a 50 day simple moving average of C$156.92 and a two-hundred day simple moving average of C$151.47. CGI has a fifty-two week low of C$132.06 and a fifty-two week high of C$162.63. The company has a market capitalization of C$31.70 billion, a price-to-earnings ratio of 21.75, a P/E/G ratio of 2.24 and a beta of 0.86.

CGI Announces Dividend

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

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.