CGI Inc (TSE:GIB.A) Receives Consensus Recommendation of "Buy" from Analysts

Shares of CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB have received an average recommendation of "Buy" from the twelve analysts that are covering the stock, Marketbeat Ratings reports. Twelve analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have covered the stock in the last year is C$178.31.

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

CGI Stock Up 0.8 %

Shares of TSE:GIB.A traded up C$1.20 during midday trading on Wednesday, reaching C$145.76. The company's stock had a trading volume of 442,820 shares, compared to its average volume of 449,767. 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 firm has a 50 day moving average of C$149.83 and a 200-day moving average of C$155.60. The firm has a market capitalization of C$29.70 billion, a P/E ratio of 20.39, 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.

CGI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders 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 dividend yield of 0.41%. 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.