Shares of CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB have earned an average rating of "Buy" from the eleven brokerages that are currently covering the firm, Marketbeat reports. Eleven research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$169.83.
A number of analysts recently issued reports on the stock. Scotiabank raised their price objective on shares of CGI from C$160.00 to C$170.00 in a report on Friday, August 2nd. Desjardins raised their price target on shares of CGI from C$166.00 to C$172.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. CIBC upgraded CGI from a "neutral" rating to an "outperform" rating and upped their price objective for the company from C$155.00 to C$178.00 in a research note on Tuesday, October 15th. Stifel Nicolaus increased their price objective on CGI from C$170.00 to C$180.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Finally, Canaccord Genuity Group boosted their target price on CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th.
View Our Latest Research Report on CGI
CGI Stock Up 0.6 %
TSE:GIB.A traded up C$0.92 on Friday, hitting C$151.42. The stock had a trading volume of 775,600 shares, compared to its average volume of 333,918. CGI has a 1 year low of C$132.06 and a 1 year high of C$160.75. The firm's fifty day simple moving average is C$155.72 and its two-hundred day simple moving average is C$147.19. 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 stock has a market cap of C$30.86 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86.
CGI Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 20th will be given 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 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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