CGI (TSE:GIB.A) Price Target Raised to C$153.00

CGI (TSE:GIB.A) (NYSE:GIB) had its target price raised by TD Securities from C$145.00 to C$153.00 in a research report report published on Thursday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other brokerages have also issued reports on GIB.A. Raymond James Financial cut their target price on shares of CGI from C$178.00 to C$168.00 in a research note on Thursday, November 6th. Desjardins set a C$157.00 target price on CGI and gave the company a “buy” rating in a report on Thursday. Sanford C. Bernstein lifted their target price on shares of CGI from C$137.00 to C$142.00 in a research report on Thursday, November 6th. Royal Bank Of Canada cut their price objective on CGI from C$165.00 to C$150.00 and set an “outperform” rating on the stock in a research report on Monday, January 26th. Finally, BMO Capital Markets dropped their target price on shares of CGI from C$145.00 to C$137.00 in a research note on Thursday. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, CGI presently has an average rating of “Moderate Buy” and a consensus price target of C$147.67.

CGI Stock Performance

Shares of GIB.A stock opened at C$116.70 on Thursday. The business’s 50-day moving average price is C$125.64 and its 200-day moving average price is C$127.32. The firm has a market capitalization of C$25.06 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 2.24 and a beta of 0.23. CGI has a 12 month low of C$113.60 and a 12 month high of C$174.58. 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 (TSE:GIB.A) (NYSE:GIB) last released its quarterly earnings results on Wednesday, January 28th. The company reported C$2.12 EPS for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%.The firm had revenue of C$4.08 billion for the quarter. Equities research analysts forecast that CGI will post 8.3679245 EPS for the current year.

CGI Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 19th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, November 21st. This is a boost from CGI’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 0.6%. CGI’s payout ratio is 6.03%.

Key Stories Impacting CGI

Here are the key news stories impacting CGI this week:

• Positive Sentiment: TD Securities raised its price target to C$153 and kept a “buy” rating, increasing visible upside and likely supporting buying interest. Read More. Read More.
• Positive Sentiment: Desjardins initiated/issued a new C$157 price target with a “buy” rating, representing a material premium to the current price and bolstering bullish analyst coverage. Read More.
• Positive Sentiment: Canaccord Genuity moved its target to C$150 and retained a “buy” rating, signaling continued confidence from a major shop despite a modest cut. Read More.
• Positive Sentiment: Scotiabank set a C$140 target, adding another analyst reference point above the current price that can support demand from value-oriented investors. Read More.
• Negative Sentiment: BMO Capital Markets lowered its target from C$145 to C$137, a cut that tempers upside expectations and may reduce conviction among more cautious holders. Read More.
• Negative Sentiment: CIBC trimmed its price target from C$139 to C$132, another downward revision that offsets some of the positive analyst noise. Read More.
• Negative Sentiment: A recent Yahoo Finance piece highlights a ~29% one‑year share decline and frames CGI as a potential “value” opportunity — a signal that sentiment has been weak and some investors may remain cautious despite analyst buy calls. Read More.

CGI Company Profile

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.