Analysts Set CGI Inc (TSE:GIB.A) Price Target at C$126.31

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$126.31.

Several brokerages have weighed in on GIB.A. National Bank Financial set a C$135.00 target price on CGI and gave the stock an “outperform” rating in a research report on Friday, June 12th. Raymond James Financial dropped their target price on CGI from C$168.00 to C$130.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. Sanford C. Bernstein dropped their target price on CGI from C$143.00 to C$141.00 in a research report on Thursday, April 30th. Canaccord Genuity Group dropped their target price on CGI from C$150.00 to C$140.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Finally, Desjardins set a C$149.00 target price on CGI and gave the stock a “buy” rating in a research report on Wednesday, April 29th.

CGI Stock Performance

Shares of GIB.A stock opened at C$89.63 on Monday. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. CGI has a fifty-two week low of C$83.34 and a fifty-two week high of C$148.52. The stock’s 50-day moving average is C$94.32 and its two-hundred day moving average is C$106.70. The firm has a market cap of C$18.77 billion, a P/E ratio of 11.70, a PEG ratio of 2.24 and a beta of 0.09.

CGI (TSE:GIB.A) (NYSE:GIB) last issued its earnings results on Wednesday, April 29th. The company reported C$2.27 earnings per share for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%.The company had revenue of C$4.16 billion for the quarter. Analysts predict that CGI will post 8.3679245 earnings per share for the current fiscal year.

CGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 19th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.8%. CGI’s dividend payout ratio is currently 6.14%.

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.