CGI Inc Declares Quarterly Dividend of $0.15 (TSE:GIB.A)

CGI Inc (TSE:GIB.A) (NYSE:GIB) declared a quarterly dividend on Friday, February 14th,TickerTech Dividends reports. Investors of record on Friday, March 21st will be paid a dividend of 0.15 per share on Friday, March 21st. This represents a $0.60 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Friday, February 14th.

CGI Price Performance

Shares of GIB.A stock traded down C$0.75 during midday trading on Wednesday, reaching C$171.88. 33,895 shares of the company were exchanged, compared to its average volume of 329,499. The company’s 50 day moving average price is C$160.66 and its two-hundred day moving average price is C$155.72. 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 company has a market cap of C$35.03 billion, a P/E ratio of 24.04, a PEG ratio of 2.24 and a beta of 0.86. CGI has a 12 month low of C$132.06 and a 12 month high of C$175.35.

Wall Street Analyst Weigh In

Several analysts recently commented on GIB.A shares. Royal Bank of Canada raised their price target on shares of CGI from C$178.00 to C$192.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. 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. Canaccord Genuity Group lifted their price target on CGI from C$170.00 to C$175.00 in a report on Thursday, November 7th. Scotiabank boosted their target price 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. Finally, Raymond James increased their price target on shares of CGI from C$180.00 to C$183.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, CGI has a consensus rating of “Buy” and a consensus target price of C$178.31.

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.