CGI (TSE:GIB.A) Price Target Raised to C$190.00 at BMO Capital Markets

CGI (TSE:GIB.A) (NYSE:GIB) had its price target upped by BMO Capital Markets from C$177.00 to C$190.00 in a research report released on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

GIB.A has been the subject of several other reports. CIBC lifted their price objective on CGI from C$178.00 to C$183.00 and gave the company an “outperform” rating in a report on Thursday. Canaccord Genuity Group boosted their price target on CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th. Stifel Nicolaus boosted their price target on CGI from C$180.00 to C$185.00 in a research note on Thursday. Raymond James boosted their price target on CGI from C$171.00 to C$180.00 in a research note on Thursday, November 7th. Finally, Canaccord Genuity Group boosted their price target on CGI from C$175.00 to C$190.00 and gave the stock a “buy” rating in a research note on Thursday. Twelve analysts have rated the stock with a buy rating, According to MarketBeat, CGI currently has a consensus rating of “Buy” and a consensus price target of C$178.31.

CGI Stock Up 4.2 %

TSE GIB.A opened at C$172.46 on Thursday. CGI has a 52 week low of C$132.06 and a 52 week high of C$175.35. The firm has a market capitalization of C$35.15 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 2.24 and a beta of 0.86. The company has a fifty day moving average of C$157.88 and a two-hundred day moving average of C$153.67. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $0.60 annualized dividend and a yield of 0.35%.

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.