Brokerages Set CGI Inc (TSE:GIB.A) PT at C$169.83

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been assigned an average recommendation of “Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$169.83.

A number of research firms have commented on GIB.A. TD Securities lifted their price objective on shares of CGI from C$160.00 to C$180.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. BMO Capital Markets upped their price target on shares of CGI from C$160.00 to C$170.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Raymond James increased their price target on shares of CGI from C$171.00 to C$180.00 in a report on Thursday, November 7th. National Bankshares boosted their price objective on CGI from C$175.00 to C$185.00 in a report on Thursday, August 1st. Finally, Scotiabank upped their target price on CGI from C$160.00 to C$170.00 in a research report on Friday, August 2nd.

CGI Stock Performance

GIB.A opened at C$153.30 on Friday. 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 12-month low of C$132.06 and a 12-month high of C$160.75. The business has a 50 day moving average of C$155.78 and a 200-day moving average of C$147.30. The stock has a market cap of C$31.24 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 2.24 and a beta of 0.86.

CGI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 20th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, November 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%.

About CGI

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.