CGI Inc (TSE:GIB.A) Plans $0.15 Quarterly Dividend

CGI Inc (TSE:GIB.A) (NYSE:GIB) announced a quarterly dividend on Wednesday, November 20th,TickerTech Dividends reports. Shareholders of record on Friday, December 20th will be paid a dividend of 0.15 per share on Friday, December 20th. This represents a $0.60 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Wednesday, November 20th.

CGI Stock Performance

TSE:GIB.A opened at C$151.42 on Monday. The stock has a market capitalization of C$30.86 billion, a P/E ratio of 21.18, a price-to-earnings-growth 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 has a 1 year low of C$132.06 and a 1 year high of C$160.75. The firm has a 50 day moving average of C$155.72 and a 200-day moving average of C$147.22.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Scotiabank boosted their price objective on CGI from C$160.00 to C$170.00 in a research note on Friday, August 2nd. National Bankshares upped their price target on shares of CGI from C$175.00 to C$185.00 in a research report on Thursday, August 1st. Sanford C. Bernstein raised their price objective on shares of CGI from C$127.00 to C$138.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. TD Securities upped their target price on shares of CGI from C$160.00 to C$180.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Canaccord Genuity Group raised their price target on shares of CGI from C$170.00 to C$175.00 in a report on Thursday, November 7th. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, CGI presently has an average rating of “Buy” and a consensus target price of C$169.83.

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.