Brokerages Set CGI Inc (TSE:GIB.A) Target Price at C$178.31

CGI Inc (TSE:GIB.A) (NYSE:GIB) has received an average rating of “Buy” from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Twelve investment analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$178.31.

Several analysts have weighed in on GIB.A shares. Raymond James upped their target price on CGI from C$180.00 to C$183.00 and gave the company an “outperform” rating in a report on Thursday. Scotiabank lifted their target price on shares of CGI from C$170.00 to C$185.00 and gave the stock an “outperform” rating in a research report on Thursday. Canaccord Genuity Group increased their price target on shares of CGI from C$170.00 to C$175.00 in a research report on Thursday, November 7th. TD Securities raised 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. Finally, Royal Bank of Canada upped their target price on CGI from C$178.00 to C$192.00 and gave the company an “outperform” rating in a research note on Thursday.

CGI Stock Down 0.7 %

GIB.A opened at C$171.33 on Friday. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. CGI has a 12 month low of C$132.06 and a 12 month high of C$175.35. The stock has a market capitalization of C$34.92 billion, a P/E ratio of 23.96, a P/E/G ratio of 2.24 and a beta of 0.86. The business has a 50 day simple moving average of C$158.62 and a 200-day simple moving average of C$154.04.

CGI Announces Dividend

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 given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend 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.