CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB's stock price reached a new 52-week high on Thursday . The company traded as high as C$162.63 and last traded at C$162.33, with a volume of 212358 shares. The stock had previously closed at C$161.79.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on GIB.A. Raymond James lifted their price objective on CGI from C$171.00 to C$180.00 in a report on Thursday, November 7th. CIBC upgraded CGI from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from C$155.00 to C$178.00 in a research report on Tuesday, October 15th. Royal Bank of Canada raised their price objective on CGI from C$170.00 to C$178.00 in a report on Thursday, November 7th. Finally, Canaccord Genuity Group upped their target price on shares of CGI from C$170.00 to C$175.00 in a report on Thursday, November 7th. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat, CGI presently has an average rating of "Buy" and a consensus price target of C$169.83.
Read Our Latest Stock Report on CGI
CGI Price Performance
The stock has a market cap of C$32.56 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 2.24 and a beta of 0.86. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The company's fifty day moving average is C$156.90 and its two-hundred day moving average is C$149.01.
CGI Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $0.60 dividend on an annualized basis and a yield of 0.38%.
CGI Company Profile
(
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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