CGI Inc (TSE:GIB.A) Receives Average Recommendation of "Buy" from Brokerages

CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB has received an average recommendation of "Buy" from the eleven research firms that are covering the company, Marketbeat Ratings reports. Eleven equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have covered the stock in the last year is C$175.85.

A number of brokerages have recently commented on GIB.A. Raymond James lowered their price objective on CGI from C$183.00 to C$178.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. TD Securities increased their price target on CGI from C$180.00 to C$190.00 and gave the company a "buy" 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 stock a "buy" rating in a research note on Thursday, January 30th. CIBC upped their price objective on shares of CGI from C$178.00 to C$183.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Finally, BMO Capital Markets lifted 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.

CGI Stock Performance

Shares of TSE:GIB.A traded up C$3.52 on Friday, reaching C$151.00. 538,535 shares of the company's stock were exchanged, compared to its average volume of 450,026. The business's 50-day moving average is C$144.75 and its two-hundred day moving average is C$154.48. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24. CGI has a fifty-two week low of C$132.06 and a fifty-two week high of C$175.35. The firm has a market capitalization of C$30.77 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 2.24 and a beta of 0.86.

CGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 20th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Friday, May 16th.

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.