CGI Inc (TSE:GIB.A) Given Average Recommendation of "Buy" by Analysts

Shares of CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB have earned a consensus recommendation of "Buy" from the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Twelve analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$178.31.

A number of analysts have issued reports on the stock. TD Securities boosted 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. Canaccord Genuity Group upped their price target on shares of CGI from C$170.00 to C$175.00 in a report on Thursday, November 7th. Royal Bank of Canada upped their price target on shares of CGI from C$178.00 to C$192.00 and gave the stock an "outperform" rating in a report on Thursday. Desjardins upped their price target on shares of CGI from C$178.00 to C$190.00 and gave the stock a "buy" rating in a report on Thursday. Finally, CIBC upped their price target on shares of CGI from C$178.00 to C$183.00 and gave the stock an "outperform" rating in a report on Thursday.

CGI Stock Performance

GIB.A traded up C$0.76 on Friday, reaching C$172.09. The company had a trading volume of 500,479 shares, compared to its average volume of 329,504. CGI has a fifty-two week low of C$132.06 and a fifty-two week high of C$175.35. The stock has a market cap of C$35.07 billion, a P/E ratio of 24.07, a P/E/G ratio of 2.24 and a beta of 0.86. The company's fifty day moving average is C$158.62 and its 200 day moving average is C$154.15. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16.

CGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 21st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.35%. The ex-dividend date 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.