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

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been given an average rating of “Buy” by the twelve analysts that are covering the stock, Marketbeat.com reports. Twelve analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$178.31.

Several analysts have recently weighed in on GIB.A shares. Royal Bank of Canada raised their target price on CGI from C$178.00 to C$192.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. BMO Capital Markets lifted their price target on CGI from C$177.00 to C$190.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Raymond James lifted their price target on CGI from C$180.00 to C$183.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Stifel Nicolaus lifted their price target on CGI from C$180.00 to C$185.00 in a research note on Thursday, January 30th. Finally, CIBC lifted their price target on CGI from C$178.00 to C$183.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th.

CGI Stock Down 0.9 %

Shares of CGI stock opened at C$170.42 on Friday. The business has a 50-day moving average of C$159.57 and a 200-day moving average of C$154.83. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. The company has a market capitalization of C$34.73 billion, a PE ratio of 23.83, a P/E/G ratio of 2.24 and a beta of 0.86. CGI has a 1-year low of C$132.06 and a 1-year high of C$175.35.

CGI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 21st will be issued a $0.15 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a 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.