CGI Inc. (GIB) To Go Ex-Dividend on November 20th

CGI Inc. (NYSE:GIB) (TSE:GIB.A) declared a dividend on Tuesday, November 5th, Zacks reports. Investors of record on Wednesday, November 20th will be given a dividend of 0.111 per share by the technology company on Friday, December 20th. The ex-dividend date is Wednesday, November 20th.

CGI Stock Up 0.4 %

NYSE:GIB traded up $0.43 during mid-day trading on Thursday, reaching $112.92. The stock had a trading volume of 32,654 shares, compared to its average volume of 147,657. The business’s 50 day moving average is $113.97 and its 200 day moving average is $107.58. CGI has a fifty-two week low of $96.92 and a fifty-two week high of $118.89. The stock has a market cap of $25.74 billion, a P/E ratio of 21.26, a PEG ratio of 2.38 and a beta of 0.96. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 0.86.

CGI (NYSE:GIB) (TSE:GIB.A) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.03. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. CGI had a return on equity of 20.21% and a net margin of 11.51%. As a group, sell-side analysts predict that CGI will post 5.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GIB shares. UBS Group started coverage on CGI in a research report on Friday, July 19th. They set a “neutral” rating and a $112.00 target price for the company. CIBC raised CGI from a “neutral” rating to an “outperformer” rating and upped their target price for the stock from $155.00 to $178.00 in a research report on Tuesday, October 15th. Cibc World Mkts raised CGI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. Sanford C. Bernstein raised CGI to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, Jefferies Financial Group increased their price objective on CGI from $120.00 to $121.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, CGI currently has an average rating of “Buy” and an average price target of $137.00.

CGI Company Profile

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.