Shares of CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB reached a new 52-week low during trading on Thursday . The stock traded as low as C$131.20 and last traded at C$131.56, with a volume of 81309 shares changing hands. The stock had previously closed at C$132.75.
Analyst Ratings Changes
GIB.A has been the subject of several research analyst reports. Desjardins decreased their price objective on shares of CGI from C$173.00 to C$166.00 and set a "buy" rating for the company in a research note on Tuesday, July 29th. CIBC dropped their target price on shares of CGI from C$183.00 to C$180.00 in a report on Monday, July 21st. Raymond James Financial dropped their target price on shares of CGI from C$183.00 to C$178.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Royal Bank Of Canada dropped 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 Thursday, July 31st. Finally, Scotiabank dropped 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. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CGI has a consensus rating of "Buy" and a consensus price target of C$179.40.
View Our Latest Stock Analysis on GIB.A
CGI Stock Performance
The stock has a fifty day moving average price of C$140.89 and a two-hundred day moving average price of C$147.89. The company has a market cap of C$26.73 billion, a P/E ratio of 18.34, a PEG ratio of 2.24 and a beta of 0.86. 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 Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 19th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, August 15th.
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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