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

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have been assigned a consensus rating of “Buy” from the twelve ratings firms that are covering the company, Marketbeat.com reports. Twelve analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$178.31.

A number of equities research analysts have commented on the company. Scotiabank increased their price target on CGI from C$170.00 to C$185.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Canaccord Genuity Group increased their price objective on shares of CGI from C$175.00 to C$190.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Desjardins boosted their target price on shares of CGI from C$178.00 to C$190.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. CIBC raised their price target on shares of CGI from C$178.00 to C$183.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, TD Securities lifted their price objective on shares of CGI from C$180.00 to C$190.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th.

CGI Price Performance

Shares of GIB.A opened at C$144.24 on Wednesday. The company has a 50 day moving average of C$151.42 and a two-hundred day moving average of C$155.77. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24. CGI has a twelve month low of C$132.06 and a twelve month high of C$175.35. The company has a market cap of C$29.39 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86.

CGI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 21st were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Friday, February 14th.

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.