Brokerages Set CGI Inc (TSE:GIB.A) PT at C$175.85

Shares of CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB have been given a consensus rating of "Buy" by the eleven research firms that are covering the company, Marketbeat.com reports. Eleven analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$175.85.

GIB.A has been the topic of several research reports. Canaccord Genuity Group lowered their price target on CGI from C$190.00 to C$180.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Royal Bank Of Canada cut their target price on CGI from C$192.00 to C$185.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Raymond James Financial dropped 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. Finally, Scotiabank decreased their price target on 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.

CGI Stock Performance

Shares of CGI stock traded up C$0.60 during midday trading on Monday, hitting C$143.62. The company had a trading volume of 219,856 shares, compared to its average volume of 423,489. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. The stock has a market cap of C$29.27 billion, a PE ratio of 20.09, a P/E/G ratio of 2.24 and a beta of 0.86. The business's 50 day simple moving average is C$146.99 and its two-hundred day simple moving average is C$151.94. CGI has a 1-year low of C$132.09 and a 1-year high of C$175.35.

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 issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was 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.