CGI (TSE:GIB.A - Free Report) NYSE: GIB had its target price increased by Scotiabank from C$170.00 to C$185.00 in a report released on Thursday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.
A number of other equities analysts have also recently issued reports on the stock. Canaccord Genuity Group raised their price objective on shares of CGI from C$175.00 to C$190.00 and gave the company a "buy" rating in a research note on Thursday. CIBC lifted their price target on shares of CGI from C$178.00 to C$183.00 and gave the stock an "outperform" rating in a research report on Thursday. Desjardins lifted their price target on shares of CGI from C$178.00 to C$190.00 and gave the stock a "buy" rating in a research report on Thursday. Royal Bank of Canada boosted their price objective on shares of CGI from C$178.00 to C$192.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, Stifel Nicolaus boosted their price objective on shares of CGI from C$180.00 to C$185.00 in a research report on Thursday. Twelve equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of C$178.31.
View Our Latest Research Report on CGI
CGI Trading Up 0.4 %
GIB.A stock traded up C$0.76 during midday trading on Thursday, reaching C$172.09. The company's stock had a trading volume of 500,479 shares, compared to its average volume of 329,504. CGI has a 52 week low of C$132.06 and a 52 week high of C$175.35. The stock has a market cap 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 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 simple moving average is C$158.62 and its 200-day simple moving average is C$154.15.
CGI Announces Dividend
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 paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.35%.
CGI Company Profile
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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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