CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB has received an average recommendation of "Buy" from the eleven ratings firms that are currently covering the company, Marketbeat.com reports. Eleven investment analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have covered the stock in the last year is C$175.85.
A number of research firms recently weighed in on GIB.A. Raymond James lowered their price objective on shares of 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. Royal Bank of Canada reduced their price target on shares of CGI from C$192.00 to C$185.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Scotiabank dropped their price objective on shares of CGI from C$185.00 to C$175.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Finally, Canaccord Genuity Group cut their price objective on shares of CGI from C$190.00 to C$180.00 and set a "buy" rating on the stock in a report on Thursday, May 1st.
Read Our Latest Analysis on GIB.A
CGI Trading Up 0.4%
Shares of TSE GIB.A traded up C$0.66 during mid-day trading on Thursday, reaching C$147.68. The company had a trading volume of 229,870 shares, compared to its average volume of 433,254. The stock has a market cap of C$30.10 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. CGI has a 52 week low of C$132.09 and a 52 week high of C$175.35. The business's 50-day moving average is C$145.76 and its 200-day moving average is C$153.46. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24.
CGI Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 20th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Friday, May 16th.
About CGI
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Get Free ReportCGI 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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