CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB's stock price reached a new 52-week high on Friday . The company traded as high as C$160.80 and last traded at C$159.79, with a volume of 23421 shares changing hands. The stock had previously closed at C$158.98.
Analyst Ratings Changes
GIB.A has been the subject of a number of recent analyst reports. CIBC raised CGI from a "neutral" rating to an "outperform" rating and raised their target price for the company from C$155.00 to C$178.00 in a report on Tuesday, October 15th. Royal Bank of Canada raised their target price on CGI from C$170.00 to C$178.00 in a report on Thursday, November 7th. Canaccord Genuity Group lifted their price target on CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th. Finally, Raymond James lifted their price target on CGI from C$171.00 to C$180.00 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, the company currently has a consensus rating of "Buy" and an average target price of C$169.83.
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CGI Stock Performance
The stock has a market capitalization of C$32.54 billion, a P/E ratio of 22.33, a P/E/G ratio of 2.24 and a beta of 0.86. The stock has a 50 day moving average of C$156.57 and a 200 day moving average of C$148.70. 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 Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 20th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, November 20th. This represents a $0.60 dividend on an annualized basis and a yield of 0.38%.
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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