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

Key Points

• CGI Inc (TSE:GIB.A) reached a new 52-week low of C$128.42, down from a previous close of C$132.51, with a trading volume of 326,306 shares.
• Wall Street analysts have revised their price targets for CGI, with an average rating of "Buy" and an average price target of C$179.40.
• The company recently announced a quarterly dividend of $0.15, which equates to an annualized dividend of $0.60, yielding approximately 0.5%.

CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB reached a new 52-week low during trading on Wednesday . The stock traded as low as C$128.42 and last traded at C$128.44, with a volume of 326306 shares changing hands. The stock had previously closed at C$132.51.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Desjardins dropped 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 report on Tuesday, July 29th. Royal Bank Of Canada 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 report on Thursday, July 31st. Finally, CIBC dropped their price objective on shares of CGI from C$183.00 to C$180.00 in a report on Monday, July 21st. Eight research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of C$179.40.

CGI Trading Down 2.9%

The company has a market capitalization of C$28.68 billion, a P/E ratio of 17.04, a P/E/G ratio of 2.24 and a beta of 0.37. The stock's 50 day moving average is C$135.08 and its 200-day moving average is C$142.60. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97.

CGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 19th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, August 15th. CGI's dividend payout ratio is presently 5.96%.

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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