CGI Inc (TSE:GIB.A) Receives C$178.31 Average Price Target from Analysts

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have received a consensus rating of “Buy” from the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. Twelve equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have covered the stock in the last year is C$178.31.

A number of analysts have recently commented on the stock. Desjardins boosted their price objective on shares of CGI from C$178.00 to C$190.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Scotiabank boosted their price objective on shares of CGI from C$170.00 to C$185.00 and gave the stock an “outperform” rating in a research report 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 stock an “outperform” rating in a research report on Thursday, January 30th. Royal Bank of Canada boosted their price objective on shares of CGI from C$178.00 to C$192.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Finally, Stifel Nicolaus boosted their price objective on shares of CGI from C$180.00 to C$185.00 in a research report on Thursday, January 30th.

CGI Stock Performance

Shares of GIB.A stock opened at C$149.84 on Tuesday. The company’s fifty day simple moving average is C$162.19 and its 200-day simple moving average is C$157.27. 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 market cap of C$30.54 billion, a PE ratio of 20.96, a P/E/G ratio of 2.24 and a beta of 0.86. CGI has a 12 month low of C$132.06 and a 12 month high of C$175.35.

CGI Announces Dividend

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

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.