CGI Inc (TSE:GIB.A) Receives Consensus Rating of “Buy” from Analysts

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been given a consensus rating of “Buy” by the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have covered the stock in the last year is C$178.31.

A number of equities analysts have recently issued reports on GIB.A shares. Canaccord Genuity Group increased their target price on CGI from C$175.00 to C$190.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Canaccord Genuity Group lifted their price objective on CGI from C$170.00 to C$175.00 in a research report on Thursday, November 7th. CIBC boosted their price objective on CGI from C$178.00 to C$183.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. BMO Capital Markets raised their target price on CGI from C$177.00 to C$190.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Stifel Nicolaus upped their price target on shares of CGI from C$180.00 to C$185.00 in a research report on Thursday, January 30th.

CGI Trading Down 0.1 %

Shares of GIB.A opened at C$149.84 on Tuesday. CGI has a 1 year low of C$132.06 and a 1 year high of C$175.35. 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 stock has a 50 day simple moving average of C$162.19 and a 200-day simple moving average of C$157.27. The stock has a market cap of C$30.54 billion, a PE ratio of 20.96, a PEG ratio of 2.24 and a beta of 0.86.

CGI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 21st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.40%. 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.