CGI Inc (TSE:GIB.A) Plans $0.17 Quarterly Dividend

CGI Inc (TSE:GIB.A) (NYSE:GIB) declared a quarterly dividend on Wednesday, February 18th, TickerTech Dividends reports. Investors of record on Friday, March 20th will be paid a dividend of 0.17 per share on Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, February 18th.

CGI Price Performance

Shares of TSE:GIB.A opened at C$101.55 on Monday. The company has a market capitalization of C$21.81 billion, a P/E ratio of 13.61, a P/E/G ratio of 2.24 and a beta of 0.22. CGI has a 1-year low of C$98.86 and a 1-year high of C$174.30. The firm’s 50 day simple moving average is C$122.47 and its two-hundred day simple moving average is C$125.26. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97.

CGI (TSE:GIB.A) (NYSE:GIB) last announced its quarterly earnings data on Wednesday, January 28th. The company reported C$2.12 EPS for the quarter. The firm had revenue of C$4.08 billion for the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. Research analysts expect that CGI will post 8.3679245 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GIB.A. Raymond James Financial lowered their price target on CGI from C$178.00 to C$168.00 in a report on Thursday, November 6th. TD Securities upped their target price on shares of CGI from C$145.00 to C$153.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Sanford C. Bernstein raised their target price on shares of CGI from C$137.00 to C$142.00 in a research note on Thursday, November 6th. BMO Capital Markets dropped their price objective on shares of CGI from C$145.00 to C$137.00 in a report on Thursday, January 29th. Finally, Canaccord Genuity Group cut their price objective on CGI from C$155.00 to C$150.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, CGI presently has an average rating of “Moderate Buy” and a consensus price target of C$147.67.

CGI Company Profile

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.