CGI Inc (TSE:GIB.A) Receives C$178.31 Consensus PT from Brokerages

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have earned a consensus rating of “Buy” from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Twelve analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$178.31.

Several brokerages recently commented on GIB.A. Desjardins boosted their price objective on shares of CGI from C$178.00 to C$190.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. CIBC boosted their price objective on shares of CGI from C$178.00 to C$183.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. BMO Capital Markets boosted their price objective on shares of CGI from C$177.00 to C$190.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Raymond James boosted their price objective on shares of CGI from C$180.00 to C$183.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Canaccord Genuity Group boosted their price objective on shares of CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th.

CGI Price Performance

GIB.A opened at C$149.97 on Tuesday. The company has a market capitalization of C$30.56 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 2.24 and a beta of 0.86. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24. The firm has a 50-day moving average price of C$162.35 and a 200-day moving average price of C$157.27. CGI has a twelve month low of C$132.06 and a twelve month high of C$175.35.

CGI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 21st will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.40%.

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.