CGI Inc (TSE:GIB.A) Given Average Rating of “Buy” by Analysts

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been assigned an average rating of “Buy” from the twelve brokerages that are presently covering the stock, Marketbeat reports. Twelve research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$178.31.

GIB.A has been the topic of several recent analyst reports. Desjardins raised their price target on shares of CGI from C$178.00 to C$190.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Royal Bank of Canada raised their target price on shares of CGI from C$178.00 to C$192.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Raymond James boosted their price target on CGI from C$180.00 to C$183.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Scotiabank increased their price objective 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. Finally, Canaccord Genuity Group lifted their target price on CGI from C$175.00 to C$190.00 and gave the company a “buy” rating in a research report on Thursday, January 30th.

CGI Stock Performance

GIB.A stock opened at C$160.16 on Tuesday. The firm has a market cap of C$32.64 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 2.24 and a beta of 0.86. CGI has a twelve month low of C$132.06 and a twelve month high of C$175.35. 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 business’s fifty day simple moving average is C$162.23 and its two-hundred day simple moving average is C$157.10.

CGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 21st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.37%.

About CGI

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.