CGI (TSE:GIB.A) Price Target Raised to C$180.00

CGI (TSE:GIB.A) (NYSE:GIB) had its target price boosted by Raymond James from C$171.00 to C$180.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

Several other research firms have also commented on GIB.A. Desjardins upped their price target on shares of CGI from C$166.00 to C$172.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Sanford C. Bernstein upped their price target on shares of CGI from C$127.00 to C$138.00 and gave the company a “buy” rating in a report on Thursday, August 1st. TD Securities upped their price target on shares of CGI from C$160.00 to C$180.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Jefferies Financial Group upped their price target on shares of CGI from C$121.00 to C$132.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, BMO Capital Markets increased their target price on shares of CGI from C$160.00 to C$170.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat, CGI has an average rating of “Buy” and a consensus price target of C$169.83.

CGI Price Performance

TSE:GIB.A opened at C$154.81 on Thursday. CGI has a one year low of C$132.06 and a one year high of C$160.75. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. The firm has a market cap of C$31.55 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 2.24 and a beta of 0.86. The firm’s fifty day moving average is C$155.19 and its two-hundred day moving average is C$146.79.

CGI Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 20th will be paid a $0.15 dividend. This represents a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, November 20th.

CGI Company Profile

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.