Analysts Set CGI Inc (TSE:GIB.A) Price Target at C$169.83

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have earned an average recommendation of “Buy” from the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$169.83.

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

CGI Trading Up 0.3 %

TSE:GIB.A opened at C$160.22 on Thursday. CGI has a 12 month low of C$132.06 and a 12 month high of C$162.63. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The company has a 50-day moving average price of C$157.04 and a 200-day moving average price of C$149.16. The stock has a market cap of C$32.65 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 2.24 and a beta of 0.86.

CGI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date is Wednesday, November 20th.

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.