CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB's share price 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. The stock had previously closed at C$132.75.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on GIB.A. Raymond James Financial lowered their price objective 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. 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 on the stock in a research report on Thursday, July 31st. Scotiabank lowered their price objective on 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 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 report on Tuesday, July 29th. Finally, CIBC cut their target price on CGI from C$183.00 to C$180.00 in a research note on Monday, July 21st. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, CGI presently has a consensus rating of "Buy" and a consensus target price of C$179.40.
Read Our Latest Report on CGI
CGI Stock Down 1.6%
The firm has a fifty day moving average of C$141.88 and a 200-day moving average of C$148.63. 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 firm has a market cap of C$26.63 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86.
CGI Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 19th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.60 annualized dividend and a yield of 0.5%.
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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