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

CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB has been assigned an average rating of "Buy" from the twelve ratings firms that are presently covering the stock, Marketbeat reports. Twelve investment analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$178.31.

GIB.A has been the subject of a number of research reports. TD Securities lifted their price objective 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. Desjardins boosted their price target on shares of CGI from C$178.00 to C$190.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Raymond James increased their price objective on CGI from C$180.00 to C$183.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. BMO Capital Markets boosted their target price on CGI from C$177.00 to C$190.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Finally, Canaccord Genuity Group increased their price target on CGI from C$175.00 to C$190.00 and gave the company a "buy" rating in a research report on Thursday, January 30th.

CGI Trading Up 1.2 %

TSE GIB.A traded up C$1.63 during trading hours on Friday, reaching C$143.34. The company had a trading volume of 427,908 shares, compared to its average volume of 425,088. 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 market capitalization of C$29.21 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The stock has a 50-day moving average of C$159.25 and a 200 day moving average of C$157.16. CGI has a 1-year low of C$132.06 and a 1-year high of C$175.35.

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CGI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 21st were paid a dividend of $0.15 per share. The ex-dividend date was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.42%.

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.