CGI (TSE:GIB.A) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective raised by Royal Bank of Canada from C$178.00 to C$192.00 in a research report sent to investors on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts also recently issued reports on GIB.A. BMO Capital Markets upped their price target on CGI from C$177.00 to C$190.00 and gave the stock an “outperform” rating in a report on Thursday. Canaccord Genuity Group upped their price target on CGI from C$175.00 to C$190.00 and gave the stock a “buy” rating in a report on Thursday. Stifel Nicolaus boosted their price objective on CGI from C$180.00 to C$185.00 in a research report on Thursday. Raymond James boosted their price objective on CGI from C$171.00 to C$180.00 in a research report on Thursday, November 7th. Finally, Canaccord Genuity Group boosted their price objective on CGI from C$170.00 to C$175.00 in a research report on Thursday, November 7th. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$178.31.

CGI Trading Up 4.2 %

TSE GIB.A opened at C$172.46 on Thursday. The company has a market cap of C$35.15 billion, a price-to-earnings ratio of 24.12, a P/E/G ratio of 2.24 and a beta of 0.86. CGI has a 52 week low of C$132.06 and a 52 week high of C$175.35. The business has a 50 day moving average price of C$157.88 and a 200-day moving average price of C$153.67. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, November 20th. This represents a $0.60 annualized dividend and a dividend yield of 0.35%.

CGI Company Profile

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.