Analysts Set CGI Inc (TSE:GIB.A) Price Target at C$169.83

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been assigned a consensus recommendation of “Buy” from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$169.83.

Several research analysts have recently commented on GIB.A shares. Jefferies Financial Group boosted their price objective on CGI from C$121.00 to C$132.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Stifel Nicolaus increased their price target on shares of CGI from C$170.00 to C$180.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. BMO Capital Markets lifted their price objective on shares of CGI from C$160.00 to C$170.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. TD Securities increased their target price on CGI from C$160.00 to C$180.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Desjardins lifted their price target on CGI from C$166.00 to C$172.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st.

CGI Price Performance

GIB.A stock opened at C$156.09 on Friday. The firm has a 50 day moving average of C$155.96 and a 200-day moving average of C$147.58. The firm has a market capitalization of C$31.81 billion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. CGI has a 12 month low of C$132.06 and a 12 month high of C$160.75. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24.

CGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 20th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $0.60 annualized dividend and a yield of 0.38%.

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.