CGI Inc (TSE:GIB.A) Given Average Rating of “Moderate Buy” by Brokerages

CGI Inc (TSE:GIB.A) (NYSE:GIB) has earned an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$124.23.

Several research firms recently commented on GIB.A. BMO Capital Markets decreased their price target on shares of CGI from C$137.00 to C$122.00 and set an “outperform” rating on the stock in a research note on Monday, April 27th. TD increased their price target on CGI from C$99.00 to C$118.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. Raymond James Financial lowered their price objective on CGI from C$168.00 to C$130.00 and set an “outperform” rating on the stock in a research note on Thursday, April 30th. Scotia dropped their price objective on CGI from C$120.00 to C$110.00 and set a “sector perform” rating for the company in a report on Thursday, April 30th. Finally, National Bank Financial set a C$135.00 target price on CGI and gave the company an “outperform” rating in a research report on Friday, June 12th.

CGI Trading Up 0.4%

TSE GIB.A opened at C$104.80 on Tuesday. The firm has a market cap of C$21.70 billion, a P/E ratio of 13.02, a P/E/G ratio of 2.24 and a beta of 0.14. CGI has a one year low of C$83.34 and a one year high of C$134.87. 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 stock’s 50-day moving average is C$94.93 and its 200-day moving average is C$98.75.

CGI (TSE:GIB.A) (NYSE:GIB) last released its earnings results on Wednesday, July 29th. The company reported C$2.29 earnings per share for the quarter. The business had revenue of C$4.19 billion during the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. Sell-side analysts anticipate that CGI will post 8.3679245 earnings per share for the current fiscal year.

CGI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 18th will be given a $0.17 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.68 dividend on an annualized basis and a yield of 0.6%. CGI’s dividend payout ratio (DPR) is currently 6.09%.

CGI Company Profile

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 94,000 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.