Shares of CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$156.79 and traded as high as C$169.38. CGI shares last traded at C$168.55, with a volume of 429,714 shares.
Analysts Set New Price Targets
Several brokerages have recently issued reports on GIB.A. BMO Capital Markets raised their price target on shares of CGI from C$177.00 to C$190.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Royal Bank of Canada raised their price target on shares of CGI from C$178.00 to C$192.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. TD Securities lifted their price objective on shares of CGI from C$180.00 to C$190.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Desjardins lifted their price objective on shares of CGI from C$178.00 to C$190.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Finally, Scotiabank lifted their price objective on shares of CGI from C$170.00 to C$185.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of C$178.31.
Read Our Latest Stock Analysis on GIB.A
CGI Price Performance
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 has a market capitalization of C$32.65 billion, a P/E ratio of 22.41, a P/E/G ratio of 2.24 and a beta of 0.86. The business's fifty day moving average price is C$162.17 and its 200-day moving average price is C$156.88.
CGI Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 21st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.37%. 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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