Analysts Set CGI Inc (TSE:GIB.A) PT at C$174.90

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have received a consensus rating of “Buy” from the eight analysts that are presently covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$174.90.

Several research firms recently commented on GIB.A. TD Securities dropped their price objective on CGI from C$190.00 to C$145.00 and set a “buy” rating on the stock in a research note on Friday, October 3rd. Royal Bank Of Canada dropped their price objective on CGI from C$185.00 to C$175.00 and set an “outperform” rating on the stock in a research note on Thursday, July 31st. Desjardins dropped their price objective on CGI from C$173.00 to C$166.00 and set a “buy” rating on the stock in a research note on Tuesday, July 29th. Finally, CIBC dropped their price objective on CGI from C$183.00 to C$180.00 in a research note on Monday, July 21st.

CGI Price Performance

CGI stock opened at C$124.29 on Wednesday. CGI has a 12 month low of C$121.69 and a 12 month high of C$175.35. 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 business’s 50 day simple moving average is C$129.65 and its 200 day simple moving average is C$138.98. The company has a market cap of C$27.71 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 2.24 and a beta of 0.30.

CGI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 19th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. CGI’s payout ratio is presently 5.96%.

CGI Company Profile

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions.