CGI (TSE:GIB.A - Free Report) NYSE: GIB had its price target lifted by Canaccord Genuity Group from C$175.00 to C$190.00 in a report released on Thursday morning,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.
A number of other analysts also recently issued reports on GIB.A. CIBC boosted their price objective on shares of CGI from C$178.00 to C$183.00 and gave the company an "outperform" rating in a report on Thursday. Raymond James upped their price objective on shares of CGI from C$171.00 to C$180.00 in a research report on Thursday, November 7th. Royal Bank of Canada upped their price target on shares of CGI from C$170.00 to C$178.00 in a research report on Thursday, November 7th. Stifel Nicolaus upped their price objective on shares of CGI from C$180.00 to C$185.00 in a research note on Thursday. Finally, Canaccord Genuity Group upped their price objective on shares of CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$178.31.
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CGI Stock Performance
Shares of GIB.A stock traded up C$0.76 during midday trading on Thursday, hitting C$172.09. 500,479 shares of the company were exchanged, compared to its average volume of 329,504. The firm has a market capitalization of C$35.07 billion, a P/E ratio of 24.07, a PEG ratio of 2.24 and a beta of 0.86. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. The firm's 50 day moving average price is C$158.62 and its two-hundred day moving average price is C$154.15. CGI has a 52 week low of C$132.06 and a 52 week high of C$175.35.
CGI Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 21st will be issued a $0.15 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.35%.
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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