CGI Inc (TSE:GIB.A) Given Consensus Recommendation of “Buy” by Brokerages

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been given a consensus recommendation of “Buy” by the eleven research firms that are currently covering the stock, Marketbeat.com reports. Eleven investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$169.83.

Several equities research analysts have issued reports on the stock. CIBC raised shares of CGI from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$155.00 to C$178.00 in a research note on Tuesday, October 15th. Raymond James boosted their price target on shares of CGI from C$171.00 to C$180.00 in a research report on Thursday, November 7th. Canaccord Genuity Group increased their price objective on shares of CGI from C$170.00 to C$175.00 in a report on Thursday, November 7th. Finally, Royal Bank of Canada raised their target price on shares of CGI from C$170.00 to C$178.00 in a research note on Thursday, November 7th.

CGI Price Performance

Shares of TSE GIB.A opened at C$158.65 on Monday. 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 has a market cap of C$32.33 billion, a PE ratio of 22.19, a PEG ratio of 2.24 and a beta of 0.86. CGI has a one year low of C$132.06 and a one year high of C$162.63. The firm has a fifty day moving average of C$157.12 and a 200 day moving average of C$151.04.

CGI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.38%.

About CGI

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.