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CGI (TSE:GIB.A) Reaches New 1-Year Low - Should You Sell?

CGI logo with Computer and Technology background

Key Points

  • CGI Inc shares have reached a new 52-week low of C$126.68, with a recent trading price of C$126.87.
  • Several analysts have downgraded CGI's price targets, with CIBC setting it at C$180.00 and Desjardins lowering it to C$166.00.
  • CGI recently announced a quarterly dividend of $0.15, resulting in an annualized yield of 0.5%.
  • Five stocks we like better than CGI.

Shares of CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$126.68 and last traded at C$126.87, with a volume of 127129 shares traded. The stock had previously closed at C$129.21.

Wall Street Analyst Weigh In

GIB.A has been the topic of a number of research analyst reports. CIBC cut their price objective on shares of CGI from C$183.00 to C$180.00 in a research report on Monday, July 21st. Desjardins cut their price objective on shares of CGI from C$173.00 to C$166.00 and set a "buy" rating on the stock in a research report on Tuesday, July 29th. Finally, Royal Bank Of Canada cut 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 report on Thursday, July 31st. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$179.40.

Check Out Our Latest Stock Report on CGI

CGI Trading Down 2.7%

The firm has a market cap of C$28.02 billion, a PE ratio of 16.65, a PEG ratio of 2.24 and a beta of 0.37. 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 stock's fifty day simple moving average is C$132.79 and its two-hundred day simple moving average is C$140.93.

CGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 19th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, August 15th. CGI's dividend payout ratio is 5.96%.

About CGI

(Get Free Report)

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions.

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