CGI Inc (TSE:GIB.A) Given Average Recommendation of “Buy” by Brokerages

Shares of CGI Inc (TSE:GIB.AGet Free Report) (NYSE:GIB) have been assigned an average rating of “Buy” from the eleven research firms that are covering the company, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$169.83.

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

Read Our Latest Stock Report on GIB.A

CGI Trading Down 0.4 %

TSE GIB.A opened at C$155.54 on Monday. CGI has a one year low of C$132.06 and a one year high of C$162.63. 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 market capitalization of C$31.70 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The company’s 50-day simple moving average is C$156.92 and its two-hundred day simple moving average is C$151.64.

CGI Dividend Announcement

The firm also recently announced 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date was Wednesday, November 20th.

About CGI

(Get Free Report

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.

See Also

Analyst Recommendations for CGI (TSE:GIB.A)

Receive News & Ratings for CGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CGI and related companies with MarketBeat.com's FREE daily email newsletter.