CGI Inc (TSE:GIB.A) Given Consensus Rating of “Buy” by Brokerages

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have been given a consensus recommendation of “Buy” by the twelve brokerages that are currently covering the stock, Marketbeat reports. Twelve equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have covered the stock in the last year is C$178.31.

GIB.A has been the topic of a number of research reports. BMO Capital Markets boosted their target price on shares of CGI from C$177.00 to C$190.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. CIBC upped their target price on CGI from C$178.00 to C$183.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Stifel Nicolaus lifted their price target on CGI from C$180.00 to C$185.00 in a research note on Thursday, January 30th. Royal Bank of Canada set a C$192.00 price objective on CGI and gave the company an “outperform” rating in a research note on Wednesday. Finally, TD Securities lifted their target price on shares of CGI from C$180.00 to C$190.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th.

CGI Stock Down 1.0 %

TSE GIB.A opened at C$143.00 on Friday. The company has a market cap of C$29.14 billion, a price-to-earnings ratio of 20.00, a PEG 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. The company has a 50 day moving average of C$158.80 and a 200-day moving average of C$157.11. CGI has a 1-year low of C$132.06 and a 1-year high of C$175.35.

CGI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 21st were paid a $0.15 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.42%.

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.