CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$153.82 and traded as low as C$147.00. CGI shares last traded at C$149.43, with a volume of 364,830 shares trading hands.
Analysts Set New Price Targets
Several analysts have issued reports on the company. Scotiabank cut 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. Royal Bank of Canada cut their price objective on CGI from C$192.00 to C$185.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Canaccord Genuity Group cut their price objective on 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, Raymond James lowered their target price on CGI from C$183.00 to C$178.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Eleven 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$175.85.
Read Our Latest Stock Analysis on GIB.A
CGI Price Performance
The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. The company has a market cap of C$30.01 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The stock has a fifty day moving average price of C$145.40 and a 200-day moving average price of C$153.66.
CGI Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 20th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Friday, May 16th.
CGI Company Profile
(
Get Free Report)
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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