Analysts Set CGI Inc (TSE:GIB.A) Target Price at C$147.67

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$147.67.

GIB.A has been the subject of several recent research reports. Scotiabank set a C$140.00 target price on shares of CGI and gave the company a “sector perform” rating in a research note on Tuesday, January 27th. Desjardins set a C$157.00 price objective on CGI and gave the company a “buy” rating in a research report on Thursday, January 29th. Raymond James Financial decreased their target price on CGI from C$178.00 to C$168.00 in a report on Thursday, November 6th. Canaccord Genuity Group reduced their target price on CGI from C$155.00 to C$150.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Finally, Canadian Imperial Bank of Commerce decreased their price target on CGI from C$139.00 to C$132.00 in a research report on Thursday, January 29th.

CGI Trading Down 0.9%

Shares of GIB.A stock opened at C$101.55 on Tuesday. The stock has a 50-day simple moving average of C$122.47 and a 200 day simple moving average of C$125.32. The stock has a market capitalization of C$21.81 billion, a P/E ratio of 13.61, a P/E/G ratio of 2.24 and a beta of 0.22. CGI has a fifty-two week low of C$98.86 and a fifty-two week high of C$174.30. 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 (TSE:GIB.A) (NYSE:GIB) last issued its quarterly earnings results on Wednesday, January 28th. The company reported C$2.12 earnings per share for the quarter. The company had revenue of C$4.08 billion during the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. On average, sell-side analysts expect that CGI will post 8.3679245 earnings per share for the current fiscal year.

CGI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 20th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, February 18th. CGI’s dividend payout ratio (DPR) is 6.03%.

About CGI

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. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.