CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB's stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$154.54 and traded as low as C$147.35. CGI shares last traded at C$147.48, with a volume of 509,753 shares trading hands.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. Stifel Nicolaus boosted their target price on CGI from C$180.00 to C$185.00 in a research note on Thursday, January 30th. 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 report on Thursday, May 1st. Royal Bank of Canada decreased their target price on CGI from C$192.00 to C$185.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. BMO Capital Markets lifted their target price on CGI from C$177.00 to C$190.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Finally, CIBC increased their price target on shares of CGI from C$178.00 to C$183.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of C$175.85.
Read Our Latest Stock Report on CGI
CGI Price Performance
The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The firm has a market cap of C$30.56 billion, a PE ratio of 20.97, a PEG ratio of 2.24 and a beta of 0.86. The business has a fifty day moving average of C$144.79 and a 200-day moving average of C$154.41.
CGI Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 20th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.40%.
About CGI
(
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.
Featured Stories
Before you consider CGI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CGI wasn't on the list.
While CGI currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
