Analysts Set CGI Inc (TSE:GIB.A) PT at C$175.85

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been given an average recommendation of “Buy” by the eleven analysts that are presently covering the stock, Marketbeat.com reports. Eleven equities research analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$175.85.

Several brokerages have issued reports on GIB.A. Royal Bank Of Canada decreased their target price on shares of CGI from C$192.00 to C$185.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd. Raymond James Financial decreased their price objective on shares of CGI from C$183.00 to C$178.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Scotiabank reduced their target price on CGI from C$185.00 to C$175.00 and set an “outperform” rating for the company in a report on Tuesday, April 29th. Finally, Canaccord Genuity Group decreased their price target on CGI from C$190.00 to C$180.00 and set a “buy” rating for the company in a research note on Thursday, May 1st.

CGI Trading Up 0.0%

TSE GIB.A opened at C$143.02 on Monday. The stock’s fifty day moving average price is C$146.99 and its 200-day moving average price is C$151.94. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The stock has a market cap of C$29.15 billion, a P/E ratio of 20.00, a P/E/G ratio of 2.24 and a beta of 0.86. CGI has a 12 month low of C$132.09 and a 12 month high of C$175.35.

CGI Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 20th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.60 annualized dividend and a yield of 0.42%.

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.