CGI (TSE:GIB.A) Price Target Raised to C$185.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price target raised by Stifel Nicolaus from C$180.00 to C$185.00 in a report released on Thursday,BayStreet.CA reports.

Several other brokerages have also weighed in on GIB.A. Raymond James lifted their target price on shares of CGI from C$171.00 to C$180.00 in a research report on Thursday, November 7th. Royal Bank of Canada lifted their price objective on CGI from C$170.00 to C$178.00 in a report on Thursday, November 7th. CIBC upgraded CGI from a “neutral” rating to an “outperform” rating and upped their price objective for the company from C$155.00 to C$178.00 in a research note on Tuesday, October 15th. Finally, Canaccord Genuity Group raised their target price on CGI from C$170.00 to C$175.00 in a research report on Thursday, November 7th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CGI presently has an average rating of “Buy” and an average target price of C$178.31.

CGI Stock Down 0.7 %

Shares of GIB.A stock opened at C$171.33 on Thursday. CGI has a one year low of C$132.06 and a one year high of C$175.35. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. The stock has a fifty day moving average price of C$158.62 and a 200 day moving average price of C$153.92. The stock has a market cap of C$34.92 billion, a P/E ratio of 23.96, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86.

CGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 21st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is 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.