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

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been assigned an average recommendation of “Buy” from the eleven ratings firms that are covering the company, MarketBeat reports. Eleven analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$169.83.

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

CGI Price Performance

Shares of TSE:GIB.A opened at C$158.65 on Monday. CGI has a 12 month low of C$132.06 and a 12 month high of C$162.63. The firm has a market capitalization of C$32.33 billion, a P/E ratio of 22.19, a P/E/G ratio of 2.24 and a beta of 0.86. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. The company’s fifty day moving average price is C$157.12 and its 200 day moving average price is C$151.04.

CGI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were issued a $0.15 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $0.60 annualized dividend and a dividend yield of 0.38%.

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.