Brokerages Set CGI Inc (TSE:GIB.A) Target Price at C$169.83

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been assigned a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the company, MarketBeat reports. Eleven investment analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$169.83.

Several research firms have issued reports on GIB.A. Royal Bank of Canada upped their target price on shares of CGI from C$170.00 to C$178.00 in a research note on Thursday, November 7th. CIBC upgraded shares of CGI from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$155.00 to C$178.00 in a research report on Tuesday, October 15th. Canaccord Genuity Group lifted their target price on shares of CGI from C$170.00 to C$175.00 in a research report on Thursday, November 7th. Finally, Raymond James boosted their target price on shares of CGI from C$171.00 to C$180.00 in a research note on Thursday, November 7th.

CGI Stock Up 1.1 %

TSE:GIB.A opened at C$157.00 on Monday. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. The firm has a market cap of C$32.00 billion, a P/E ratio of 21.96, a P/E/G ratio of 2.24 and a beta of 0.86. CGI has a fifty-two week low of C$132.06 and a fifty-two week high of C$162.63. The firm has a 50-day simple moving average of C$157.02 and a two-hundred day simple moving average of C$151.41.

CGI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was 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.