CGI Inc (TSE:GIB.A) Receives C$169.83 Average Target Price from Analysts

CGI Inc (TSE:GIB.A) (NYSE:GIB) has received a consensus rating of “Buy” from the eleven analysts that are currently covering the stock, MarketBeat reports. Eleven analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$169.83.

A number of brokerages recently issued reports on GIB.A. Canaccord Genuity Group raised their price objective on shares of CGI from C$170.00 to C$175.00 in a report on Thursday, November 7th. CIBC raised shares of CGI from a “neutral” rating to an “outperform” rating and raised their price target for the company from C$155.00 to C$178.00 in a research note on Tuesday, October 15th. Royal Bank of Canada lifted their price target on shares of CGI from C$170.00 to C$178.00 in a report on Thursday, November 7th. Finally, Raymond James increased their price objective on CGI from C$171.00 to C$180.00 in a report on Thursday, November 7th.

CGI Price Performance

CGI stock opened at C$154.53 on Thursday. The stock has a 50-day moving average price of C$157.13 and a two-hundred day moving average price of C$149.52. CGI has a 12 month low of C$132.06 and a 12 month high of C$162.63. The company has a market capitalization of C$31.49 billion, a PE ratio of 21.61, a P/E/G ratio of 2.24 and a beta of 0.86. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24.

CGI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 20th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $0.60 annualized dividend and a yield of 0.39%.

About CGI

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.