CGI Inc (TSE:GIB.A) Receives Average Recommendation of “Buy” from Analysts

CGI Inc (TSE:GIB.A) (NYSE:GIB) has received an average recommendation of “Buy” from the twelve brokerages that are currently covering the stock, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$178.31.

A number of analysts recently issued reports on the stock. CIBC lifted their price target on shares of CGI from C$178.00 to C$183.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. TD Securities boosted their target price on shares of CGI from C$180.00 to C$190.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Scotiabank increased their price target on shares of CGI from C$170.00 to C$185.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. BMO Capital Markets boosted their price objective on CGI from C$177.00 to C$190.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Finally, Stifel Nicolaus increased their target price on CGI from C$180.00 to C$185.00 in a report on Thursday, January 30th.

CGI Trading Down 1.7 %

TSE GIB.A opened at C$169.14 on Friday. The stock has a market cap of C$34.47 billion, a P/E ratio of 23.66, a PEG ratio of 2.24 and a beta of 0.86. The company’s fifty day simple moving average is C$158.99 and its 200-day simple moving average is C$154.39. 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 52 week low of C$132.06 and a 52 week high of C$175.35.

CGI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 21st will be given a $0.15 dividend. The ex-dividend date is Friday, February 14th. 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.