CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB's stock price reached a new 52-week low on Thursday after Royal Bank Of Canada lowered their price target on the stock from C$185.00 to C$175.00. Royal Bank Of Canada currently has an outperform rating on the stock. CGI traded as low as C$133.00 and last traded at C$134.21, with a volume of 201730 shares trading hands. The stock had previously closed at C$134.05.
A number of other equities research analysts have also recently issued reports on the stock. Scotiabank dropped their price target 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. Desjardins lowered their target price on shares of CGI from C$173.00 to C$166.00 and set a "buy" rating on the stock in a research note on Tuesday, July 29th. Raymond James Financial lowered their target price on shares of CGI from C$183.00 to C$178.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Canaccord Genuity Group lowered their target price on shares of 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. Finally, CIBC lowered their target price on shares of CGI from C$183.00 to C$180.00 in a research note on Monday, July 21st. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of C$179.40.
Check Out Our Latest Report on GIB.A
CGI Price Performance
The stock has a fifty day moving average of C$142.82 and a 200-day moving average of C$149.02. 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 has a market capitalization of C$26.82 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 2.24 and a beta of 0.86.
CGI Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 20th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, May 16th.
About CGI
(
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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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