Desjardins Issues Positive Forecast for CGI (TSE:GIB.A) Stock Price

CGI (TSE:GIB.A) (NYSE:GIB) had its price target hoisted by Desjardins from C$178.00 to C$190.00 in a research note released on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

GIB.A has been the subject of several other research reports. Royal Bank of Canada increased their target price on shares of CGI from C$178.00 to C$192.00 and gave the company an “outperform” rating in a research note on Thursday. Canaccord Genuity Group raised their price target on shares of CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th. Stifel Nicolaus raised their price target on shares of CGI from C$180.00 to C$185.00 in a research note on Thursday. CIBC raised their price target on shares of CGI from C$178.00 to C$183.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Raymond James raised their price target on shares of CGI from C$180.00 to C$183.00 and gave the stock an “outperform” rating in a research note on Thursday. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$178.31.

CGI Stock Up 4.2 %

TSE GIB.A opened at C$172.46 on Thursday. 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 50-day simple moving average of C$157.88 and a 200 day simple moving average of C$153.67. CGI has a twelve month low of C$132.06 and a twelve month high of C$175.35. The stock has a market cap of C$35.15 billion, a PE ratio of 24.12, a PEG ratio of 2.24 and a beta of 0.86.

CGI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Wednesday, November 20th.

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.