CGI Inc (TSE:GIB.A) Stock Has Average Target Price of C$124.00

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been assigned an average rating of “Moderate Buy” from the twelve research firms that are covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$124.00.

Several equities analysts have recently issued reports on the company. TD boosted their target price on CGI from C$99.00 to C$118.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. Desjardins dropped their price target on CGI from C$118.00 to C$115.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Canadian Imperial Bank of Commerce raised their price target on CGI from C$107.00 to C$108.00 in a research note on Thursday, July 30th. Finally, Stifel Nicolaus lifted their price target on shares of CGI from C$110.00 to C$120.00 and gave the company a “buy” rating in a report on Thursday, July 30th.

CGI Stock Performance

Shares of TSE:GIB.A opened at C$111.10 on Friday. The company has a market cap of C$23.01 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 2.24 and a beta of 0.20. The company has a 50-day moving average price of C$100.84 and a 200-day moving average price of C$97.33. 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 has a 12 month low of C$83.34 and a 12 month high of C$131.97.

CGI (TSE:GIB.A) (NYSE:GIB) last posted its earnings results on Wednesday, July 29th. The company reported C$2.29 earnings per share (EPS) for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%. The company had revenue of C$4.19 billion for the quarter. As a group, equities analysts anticipate that CGI will post 8.37 EPS for the current year.

CGI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 18th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend 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.