CGI (TSE:GIB.A) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

CGI (TSE:GIB.A) (NYSE:GIB) had its price target lifted by Royal Bank of Canada from C$170.00 to C$178.00 in a research report released on Thursday,BayStreet.CA reports.

Several other brokerages also recently commented on GIB.A. TD Securities upped their price objective on CGI from C$160.00 to C$180.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Sanford C. Bernstein upped their price objective on CGI from C$127.00 to C$138.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Desjardins increased their price target on CGI from C$166.00 to C$172.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Stifel Nicolaus increased their price target on CGI from C$170.00 to C$180.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Raymond James increased their price target on CGI from C$167.00 to C$171.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, CGI presently has a consensus rating of “Buy” and an average target price of C$169.83.

CGI Stock Performance

Shares of CGI stock opened at C$154.81 on Thursday. The stock’s fifty day moving average is C$155.19 and its two-hundred day moving average is C$146.80. The company has a market capitalization of C$31.55 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. 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 52 week low of C$132.06 and a 52 week high of C$160.75.

CGI Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 20th will be paid a dividend of $0.15 per share. This represents a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, November 20th.

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.