CGI (TSE:GIB.A - Free Report) NYSE: GIB had its price target hoisted by Desjardins from C$178.00 to C$190.00 in a report published on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.
Other equities analysts have also issued reports about the company. BMO Capital Markets upped their target price on CGI from C$177.00 to C$190.00 and gave the company an "outperform" rating in a research note on Thursday. Canaccord Genuity Group upped their price target on CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th. Canaccord Genuity Group upped their price target on CGI from C$175.00 to C$190.00 and gave the stock a "buy" rating in a research note on Thursday. Royal Bank of Canada upped their price target on CGI from C$178.00 to C$192.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, Raymond James upped their target price on CGI from C$180.00 to C$183.00 and gave the stock an "outperform" rating in a research report on Thursday. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of C$178.31.
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CGI Price Performance
Shares of TSE GIB.A traded up C$0.76 during trading on Thursday, reaching C$172.09. The company had a trading volume of 500,479 shares, compared to its average volume of 329,504. The stock has a market capitalization of C$35.07 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The stock has a 50-day moving average price of C$158.62 and a two-hundred day moving average price of C$154.15. CGI has a twelve month low of C$132.06 and a twelve month high of C$175.35. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24.
CGI Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 21st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is Friday, February 14th.
About CGI
(
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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.
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