CGI Inc (TSE:GIB.A) Receives Consensus Recommendation of "Buy" from Analysts

CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB has been given an average recommendation of "Buy" by the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. Eleven analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have covered the stock in the last year is C$175.85.

Several research analysts have recently issued reports on the company. Royal Bank Of Canada lowered their price objective 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. Raymond James Financial lowered their price target on CGI from C$183.00 to C$178.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. 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. Finally, Scotiabank lowered their target price on shares of CGI from C$185.00 to C$175.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th.

CGI Price Performance

Shares of TSE GIB.A opened at C$141.45 on Monday. 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 company has a market cap of C$28.83 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The stock's 50-day moving average is C$147.12 and its two-hundred day moving average is C$152.19. CGI has a 1-year low of C$132.09 and a 1-year high of C$175.35.

CGI Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 20th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date 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.

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