CGI Inc (TSE:GIB.A) Given Average Rating of "Buy" by Analysts

Key Points

• CGI Inc has received a consensus recommendation of "Buy" from eight analysts, with an average price target of C$179.40 for the next year.
• The company has announced a quarterly dividend of $0.15 per share, reflecting an annualized dividend of $0.60 and a yield of 0.5%.
• As of now, CGI Inc's stock has a current market price of C$129.30, with a 52-week trading range between C$127.73 and C$175.35.

Shares of CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB have earned a consensus recommendation of "Buy" from the eight analysts that are presently covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a buy rating. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$179.40.

A number of research firms have commented on GIB.A. Royal Bank Of Canada decreased their price target on CGI from C$185.00 to C$175.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Desjardins decreased their price target on CGI from C$173.00 to C$166.00 and set a "buy" rating on the stock in a report on Tuesday, July 29th. Finally, CIBC decreased their price target on CGI from C$183.00 to C$180.00 in a report on Monday, July 21st.

CGI Price Performance

TSE:GIB.A opened at C$129.30 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. The business's 50-day simple moving average is C$134.24 and its two-hundred day simple moving average is C$142.07. The stock has a market cap of C$28.82 billion, a PE ratio of 17.13, a P/E/G ratio of 2.24 and a beta of 0.37. CGI has a 52 week low of C$127.73 and a 52 week high of C$175.35.

CGI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 19th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, August 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.5%. CGI's dividend payout ratio (DPR) is presently 5.96%.

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.

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