CGI Inc (TSE:GIB.A) Receives Consensus Rating of “Buy” from Analysts

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been given a consensus rating of “Buy” by the twelve analysts that are currently covering the company, Marketbeat Ratings reports. Twelve research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$178.31.

A number of equities analysts recently commented on the stock. Canaccord Genuity Group lifted their target price on shares of CGI from C$175.00 to C$190.00 and gave the stock a “buy” rating in a research report on Thursday. CIBC lifted their price objective on CGI from C$178.00 to C$183.00 and gave the stock an “outperform” rating in a report on Thursday. Desjardins raised their price target on CGI from C$178.00 to C$190.00 and gave the stock a “buy” rating in a research report on Thursday. BMO Capital Markets boosted their price objective on CGI from C$177.00 to C$190.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Stifel Nicolaus increased their price objective on CGI from C$180.00 to C$185.00 in a research note on Thursday.

CGI Stock Up 4.2 %

Shares of TSE GIB.A opened at C$172.46 on Friday. The business has a 50-day moving average of C$157.88 and a 200-day moving average of C$153.67. The firm has a market capitalization of C$35.15 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 2.24 and a beta of 0.86. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. CGI has a 12 month low of C$132.06 and a 12 month high of C$175.35.

CGI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Wednesday, November 20th.

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.