CGI (TSE:GIB.A) Price Target Lowered to C$185.00 at Royal Bank of Canada

CGI (TSE:GIB.A - Free Report) NYSE: GIB had its target price lowered by Royal Bank of Canada from C$192.00 to C$185.00 in a research note released on Tuesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on GIB.A. BMO Capital Markets increased their price objective on shares of CGI from C$177.00 to C$190.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. TD Securities raised their price objective on CGI from C$180.00 to C$190.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Scotiabank upped their target price on CGI from C$170.00 to C$185.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Desjardins lifted their price target on shares of CGI from C$178.00 to C$190.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Finally, Raymond James upped their price objective on shares of CGI from C$180.00 to C$183.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat, CGI presently has a consensus rating of "Buy" and an average target price of C$177.77.

CGI Stock Up 0.4 %

Shares of CGI stock traded up C$0.58 during trading on Tuesday, reaching C$146.95. 71,399 shares of the company traded hands, compared to its average volume of 443,196. The firm has a market capitalization of C$29.95 billion, a PE ratio of 20.55, a P/E/G ratio of 2.24 and a beta of 0.86. CGI has a 1-year low of C$132.06 and a 1-year high of C$175.35. The company has a 50 day moving average price of C$147.71 and a 200-day moving average price of C$155.35. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97.

CGI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 21st were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Friday, February 14th.

CGI Company Profile

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.