CGI (TSE:GIB.A - Free Report) NYSE: GIB had its price target increased by Royal Bank of Canada from C$178.00 to C$192.00 in a research note released on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.
A number of other equities analysts have also weighed in on GIB.A. Stifel Nicolaus boosted their target price on CGI from C$180.00 to C$185.00 in a research report on Thursday. CIBC upped their price target on shares of CGI from C$178.00 to C$183.00 and gave the company an "outperform" rating in a research report on Thursday. Canaccord Genuity Group upped their price target on shares of CGI from C$175.00 to C$190.00 and gave the company a "buy" rating in a research report on Thursday. BMO Capital Markets upped their price target on shares of CGI from C$177.00 to C$190.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, Raymond James upped their price target on shares of CGI from C$171.00 to C$180.00 in a research report on Thursday, November 7th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of C$178.31.
Check Out Our Latest Analysis on CGI
CGI Stock Up 0.4 %
CGI stock traded up C$0.76 during mid-day trading on Thursday, reaching C$172.09. The stock had a trading volume of 500,479 shares, compared to its average volume of 329,504. The company has a market capitalization of C$35.07 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 2.24 and a beta of 0.86. The company has a 50-day moving average price of C$158.62 and a two-hundred day moving average price of C$154.15. CGI has a one year low of C$132.06 and a one year high of C$175.35. 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 Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders 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 dividend on an annualized basis and a yield of 0.35%.
CGI Company Profile
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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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