CGI Inc (TSE:GIB.A) Receives Average Rating of "Buy" from Brokerages

Shares of CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB have earned a consensus recommendation of "Buy" from the twelve analysts that are covering the company, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$178.31.

A number of brokerages have recently commented on GIB.A. CIBC lifted their price target on CGI from C$178.00 to C$183.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Canaccord Genuity Group boosted their price objective on shares of CGI from C$175.00 to C$190.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Stifel Nicolaus raised their target price on CGI from C$180.00 to C$185.00 in a research report on Thursday, January 30th. BMO Capital Markets increased their price target 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, Royal Bank of Canada set a C$192.00 price objective on CGI and gave the stock an "outperform" rating in a research note on Wednesday, March 26th.

CGI Price Performance

Shares of GIB.A stock traded up C$1.20 on Wednesday, reaching C$145.76. The company had a trading volume of 442,820 shares, compared to its average volume of 449,767. The stock has a market capitalization of C$29.70 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24. The business's 50-day moving average is C$149.83 and its 200 day moving average is C$155.58. CGI has a one year low of C$132.06 and a one year high of C$175.35.

CGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 21st were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.60 annualized dividend and a yield of 0.41%.

About CGI

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.