CGI (TSE:GIB.A) PT Set at C$192.00 by Royal Bank of Canada

Royal Bank of Canada set a C$192.00 price target on CGI (TSE:GIB.A) (NYSE:GIB) in a research report sent to investors on Wednesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the company. Scotiabank raised their target price on CGI from C$170.00 to C$185.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Desjardins boosted their price objective on shares of CGI from C$178.00 to C$190.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Raymond James increased their target price on shares of CGI from C$180.00 to C$183.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. CIBC boosted their price target on shares of CGI from C$178.00 to C$183.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Finally, Stifel Nicolaus raised their price objective on CGI from C$180.00 to C$185.00 in a research note on Thursday, January 30th. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$178.31.

CGI Trading Down 1.1 %

GIB.A opened at C$140.53 on Wednesday. The firm has a 50 day simple moving average of C$158.19 and a 200 day simple moving average of C$156.99. CGI has a fifty-two week low of C$132.06 and a fifty-two week high of C$175.35. The company has a market cap of C$28.64 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97.

CGI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 21st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Friday, February 14th.

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.