CGI Inc to Issue Quarterly Dividend of $0.15 (TSE:GIB.A)

CGI Inc (TSE:GIB.A) (NYSE:GIB) announced a quarterly dividend on Friday, February 14th,TickerTech Dividends reports. Stockholders of record on Friday, March 21st will be paid a dividend of 0.15 per share on Friday, March 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend is Friday, February 14th.

CGI Stock Performance

Shares of TSE:GIB.A traded down C$0.90 during trading on Wednesday, reaching C$171.73. The company had a trading volume of 25,127 shares, compared to its average volume of 328,856. CGI has a fifty-two week low of C$132.06 and a fifty-two week high of C$175.35. 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 stock’s fifty day moving average price is C$160.66 and its 200 day moving average price is C$155.72. The firm has a market capitalization of C$35.00 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GIB.A shares. Canaccord Genuity Group raised their target price on CGI from C$175.00 to C$190.00 and gave the company a “buy” rating in a report on Thursday, January 30th. BMO Capital Markets raised their price objective on shares of CGI from C$177.00 to C$190.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. CIBC upped their target price on shares of CGI from C$178.00 to C$183.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Desjardins increased their target price on shares of CGI from C$178.00 to C$190.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, Scotiabank boosted their price target on CGI from C$170.00 to C$185.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CGI currently has a consensus rating of “Buy” and an average target price of C$178.31.

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.