CGI Inc (TSE:GIB.A) Receives Consensus Rating of “Buy” from Analysts

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been given an average recommendation of “Buy” by the eleven analysts that are covering the stock, Marketbeat reports. Eleven investment analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$173.77.

Several equities research analysts recently weighed in on the stock. Desjardins cut their price objective on shares of CGI from C$173.00 to C$166.00 and set a “buy” rating for the company in a research report on Tuesday. Scotiabank dropped their target price on shares of CGI from C$185.00 to C$175.00 and set an “outperform” rating for the company in a report on Tuesday, April 29th. Canaccord Genuity Group dropped their target price on shares of CGI from C$190.00 to C$180.00 and set a “buy” rating for the company in a report on Thursday, May 1st. CIBC dropped their target price on shares of CGI from C$183.00 to C$180.00 in a report on Monday, July 21st. Finally, Royal Bank Of Canada dropped 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.

CGI Trading Up 0.3%

GIB.A opened at C$137.55 on Friday. CGI has a twelve month low of C$132.09 and a twelve month high of C$175.35. The company has a 50-day simple moving average of C$143.70 and a 200 day simple moving average of C$149.53. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24. The stock has a market capitalization of C$28.03 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 2.24 and a beta of 0.86.

CGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 20th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.44%.

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.