CGI Inc (TSE:GIB.A) Declares Quarterly Dividend of $0.15

CGI Inc (TSE:GIB.A) (NYSE:GIB) declared a quarterly dividend on Friday, February 14th,TickerTech Dividends reports. Investors of record on Friday, March 21st will be given a dividend of 0.15 per share on Friday, March 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Friday, February 14th.

CGI Stock Performance

GIB.A traded down C$0.90 during midday trading on Wednesday, reaching C$171.73. The company’s stock had a trading volume of 25,127 shares, compared to its average volume of 328,856. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The company has a fifty day simple moving average of C$160.66 and a 200 day simple moving average of C$155.72. The stock has a market cap of C$35.00 billion, a P/E ratio of 24.02, 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GIB.A shares. CIBC lifted their target price on CGI from C$178.00 to C$183.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Canaccord Genuity Group boosted their price objective on CGI from C$170.00 to C$175.00 in a research report on Thursday, November 7th. Canaccord Genuity Group raised their target price on CGI from C$175.00 to C$190.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. TD Securities boosted their price target on shares of CGI from C$180.00 to C$190.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Finally, BMO Capital Markets lifted their target price on shares of CGI from C$177.00 to C$190.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$178.31.

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.