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

Key Points

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CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB has been given a consensus recommendation of "Buy" by the eight brokerages that are covering the stock, Marketbeat reports. Eight analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$179.40.

Several brokerages have weighed in on GIB.A. Desjardins reduced their price objective on CGI from C$173.00 to C$166.00 and set a "buy" rating for the company in a report on Tuesday, July 29th. CIBC reduced their price objective on CGI from C$183.00 to C$180.00 in a report on Monday, July 21st. Canaccord Genuity Group dropped their target price on CGI from C$190.00 to C$180.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Raymond James Financial dropped their target price on CGI from C$183.00 to C$178.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Finally, Scotiabank dropped their target price on CGI from C$185.00 to C$175.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th.

CGI Stock Performance

GIB.A stock opened at C$129.93 on Tuesday. The firm has a market cap of C$26.48 billion, a PE ratio of 18.17, a P/E/G ratio of 2.24 and a beta of 0.86. 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 has a 50 day moving average of C$139.19 and a 200-day moving average of C$146.59. CGI has a 12-month low of C$128.32 and a 12-month high of C$175.35.

CGI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 19th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.5%.

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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