Shares of CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB have been assigned an average rating of "Buy" from the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Eleven research analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have covered the stock in the last year is C$169.83.
Several research analysts recently issued reports on GIB.A shares. CIBC raised CGI from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from C$155.00 to C$178.00 in a research note on Tuesday, October 15th. Canaccord Genuity Group raised their price target on CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th. Raymond James lifted their price objective on CGI from C$171.00 to C$180.00 in a report on Thursday, November 7th. Finally, Royal Bank of Canada increased their target price on shares of CGI from C$170.00 to C$178.00 in a report on Thursday, November 7th.
Read Our Latest Research Report on GIB.A
CGI Trading Down 1.4 %
Shares of TSE GIB.A traded down C$2.20 during midday trading on Monday, hitting C$156.45. The company's stock had a trading volume of 293,549 shares, compared to its average volume of 199,313. CGI has a 12-month low of C$132.06 and a 12-month high of C$162.63. 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 firm has a market cap of C$31.88 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The business's 50 day moving average is C$157.08 and its two-hundred day moving average is C$151.17.
CGI Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.38%. The ex-dividend date was Wednesday, November 20th.
About CGI
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Get Free ReportCGI 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.
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