CGI Inc (TSE:GIB.A) Receives Average Rating of “Moderate Buy” from Analysts

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been assigned an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$124.23.

Several research firms recently issued reports on GIB.A. Desjardins increased their price target on shares of CGI from C$117.00 to C$118.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. National Bank Financial set a C$135.00 price objective on shares of CGI and gave the company an “outperform” rating in a research report on Friday, June 12th. Stifel Nicolaus upped their target price on CGI from C$110.00 to C$120.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. TD raised their target price on CGI from C$99.00 to C$118.00 and gave the company a “hold” rating in a report on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce lifted their price target on CGI from C$107.00 to C$108.00 in a research note on Thursday, July 30th.

CGI Stock Performance

GIB.A opened at C$95.84 on Wednesday. The stock has a market capitalization of C$19.85 billion, a price-to-earnings ratio of 11.91, a P/E/G ratio of 2.24 and a beta of 0.19. 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 has a twelve month low of C$83.34 and a twelve month high of C$131.97. The company has a 50-day simple moving average of C$100.41 and a 200 day simple moving average of C$97.12.

CGI (TSE:GIB.A) (NYSE:GIB) last released its earnings results on Wednesday, July 29th. The company reported C$2.29 EPS for the quarter. The firm had revenue of C$4.19 billion for the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. Analysts predict that CGI will post 8.3679245 EPS for the current fiscal year.

CGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 18th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, August 14th. CGI’s dividend payout ratio is currently 6.09%.

About CGI

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 94,000 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.