CGI Inc (TSE:GIB.A) Stock Has Consensus Target Price of C$124.23 According to Analysts

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have been assigned an average rating of “Moderate Buy” from the twelve analysts that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$124.23.

Several brokerages have weighed in on GIB.A. Canadian Imperial Bank of Commerce increased their target price on shares of CGI from C$107.00 to C$108.00 in a research note on Thursday, July 30th. National Bank Financial set a C$135.00 price target on shares of CGI and gave the company an “outperform” rating in a research note on Friday, June 12th. Stifel Nicolaus upped their price objective on shares of CGI from C$110.00 to C$120.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. TD increased their price objective on shares of CGI from C$99.00 to C$118.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. Finally, Desjardins lifted their target price on shares of CGI from C$117.00 to C$118.00 and gave the company a “buy” rating in a report on Thursday, July 30th.

CGI Stock Performance

Shares of CGI stock opened at C$95.83 on Wednesday. The firm has a market cap of C$19.84 billion, a PE ratio of 11.90, a price-to-earnings-growth ratio of 2.24 and a beta of 0.19. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24. CGI has a 52 week low of C$83.34 and a 52 week high of C$131.97. The business’s fifty day simple moving average is C$100.44 and its 200-day simple moving average is C$97.06.

CGI (TSE:GIB.A) (NYSE:GIB) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$2.29 earnings per share (EPS) for the quarter. The firm had revenue of C$4.19 billion during the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%. Equities analysts forecast that CGI will post 8.3679245 earnings per share for the current year.

CGI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 18th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, August 14th. 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.