CGI Inc (TSE:GIB.A) Receives C$175.62 Average PT from Analysts

Key Points

• CGI Inc has received a consensus rating of "Buy" from eleven research firms, with an average twelve-month price target of C$175.62.
• Recent analyst reports from various brokerages have reduced their price targets for CGI, with Canaccord Genuity setting a new target of C$180.00 and Raymond James adjusting to C$178.00.
• CGI recently announced a quarterly dividend of $0.15, resulting in an annualized yield of 0.43%.

CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB has received a consensus rating of "Buy" from the eleven research firms that are currently covering the stock, Marketbeat reports. Eleven equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have covered the stock in the last year is C$175.62.

Several brokerages have recently issued reports on GIB.A. Canaccord Genuity Group reduced their price objective on CGI from C$190.00 to C$180.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Raymond James Financial reduced their price objective on CGI from C$183.00 to C$178.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. CIBC reduced their price target on CGI from C$183.00 to C$180.00 in a research report on Monday, July 21st. Royal Bank Of Canada reduced their price target on CGI from C$192.00 to C$185.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Finally, Scotiabank reduced their price target on CGI from C$185.00 to C$175.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th.

CGI Stock Performance

Shares of CGI stock traded up C$0.10 during trading hours on Friday, reaching C$138.53. 390,251 shares of the stock traded hands, compared to its average volume of 426,321. The company has a 50 day moving average price of C$144.24 and a 200 day moving average price of C$149.84. The firm has a market capitalization of C$28.23 billion, a price-to-earnings ratio of 19.37, a P/E/G ratio of 2.24 and a beta of 0.86. CGI has a one year low of C$132.09 and a one year high of C$175.35. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 20th were paid a $0.15 dividend. The ex-dividend date was Friday, May 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.43%.

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.