CGI Inc (TSE:GIB.A) Receives C$175.85 Consensus Target Price from Analysts

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have been given a consensus rating of “Buy” by the eleven ratings firms that are presently covering the firm, Marketbeat reports. Eleven investment analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have covered the stock in the last year is C$175.85.

A number of analysts have issued reports on the stock. Royal Bank of Canada reduced their target price on shares of CGI from C$192.00 to C$185.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Stifel Nicolaus lifted their target price on shares of CGI from C$180.00 to C$185.00 in a research note on Thursday, January 30th. Scotiabank reduced their target price on shares of CGI from C$185.00 to C$175.00 and set an “outperform” rating for the company in a research note on Tuesday, April 29th. Desjardins lifted their target price on shares of CGI from C$178.00 to C$190.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets lifted their target price on shares of CGI from C$177.00 to C$190.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th.

CGI Stock Performance

GIB.A stock opened at C$151.33 on Friday. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. The stock has a market cap of C$30.84 billion, a P/E ratio of 21.17, a P/E/G ratio of 2.24 and a beta of 0.86. The firm has a 50 day simple moving average of C$144.83 and a 200 day simple moving average of C$154.23. CGI has a 52 week low of C$132.06 and a 52 week high of C$175.35.

CGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 20th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.60 annualized dividend and a yield of 0.40%.

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.