Shares of CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$163.41 and last traded at C$163.05, with a volume of 52459 shares. The stock had previously closed at C$160.58.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on GIB.A. Raymond James raised their price target on CGI from C$171.00 to C$180.00 in a research report on Thursday, November 7th. Royal Bank of Canada lifted their price objective on CGI from C$170.00 to C$178.00 in a research report on Thursday, November 7th. CIBC upgraded CGI from a "neutral" rating to an "outperform" rating and upped their target price for the company from C$155.00 to C$178.00 in a report on Tuesday, October 15th. Finally, 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. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$169.83.
Read Our Latest Stock Analysis on CGI
CGI Stock Performance
The business has a 50-day moving average of C$157.21 and a 200 day moving average of C$153.10. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. The company has a market cap of C$33.15 billion, a PE ratio of 22.75, a PEG ratio of 2.24 and a beta of 0.86.
CGI Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend was Wednesday, November 20th.
About CGI
(
Get Free Report)
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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