CGI Inc (TSE:GIB.A) Stock Has Consensus Target Price of C$124.00 According to Brokerages

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have received an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$124.00.

A number of equities research analysts have commented on the stock. Stifel Nicolaus raised their target price on shares of CGI from C$110.00 to C$120.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. TD lifted their price target on shares of CGI from C$99.00 to C$118.00 and gave the company a “hold” rating in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce upped their price target on shares of CGI from C$107.00 to C$108.00 in a research report on Thursday, July 30th. Finally, Desjardins reduced their price objective on shares of CGI from C$118.00 to C$115.00 and set a “buy” rating for the company in a research note on Thursday, October 8th.

CGI Trading Down 0.1%

CGI stock opened at C$114.81 on Friday. The business has a 50-day simple moving average of C$101.50 and a two-hundred day simple moving average of C$97.60. The company has a market cap of C$23.77 billion, a P/E ratio of 14.26, a P/E/G ratio of 2.24 and a beta of 0.20. CGI has a 52-week low of C$83.34 and a 52-week high of C$131.97. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24.

CGI (TSE:GIB.A) (NYSE:GIB) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$2.29 earnings per share (EPS) for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%. The business had revenue of C$4.19 billion during the quarter. Analysts predict that CGI will post 8.37 EPS for the current year.

CGI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 18th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, August 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.6%. CGI’s payout ratio is 6.09%.

CGI Company Profile

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 94,000 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.