Analysts Set CGI Inc (TSE:GIB.A) PT at C$171.80

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been assigned an average rating of “Buy” from the eight analysts that are presently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$171.20.

Several research firms have recently commented on GIB.A. TD Securities lowered their price objective on shares of CGI from C$190.00 to C$145.00 and set a “buy” rating for the company in a research note on Friday, October 3rd. Royal Bank Of Canada lowered their price objective on shares of CGI from C$185.00 to C$175.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Desjardins lowered their price objective on shares of CGI from C$169.00 to C$160.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, CIBC lowered their price objective on shares of CGI from C$180.00 to C$149.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th.

CGI Trading Down 1.2%

TSE:GIB.A opened at C$120.29 on Friday. CGI has a 12 month low of C$119.51 and a 12 month high of C$175.35. The firm has a fifty day simple moving average of C$126.54 and a 200-day simple moving average of C$136.57. 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 market capitalization of C$26.81 billion, a P/E ratio of 15.93, a PEG ratio of 2.24 and a beta of 0.27.

CGI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 19th were given a dividend of $0.15 per share. The ex-dividend date was Friday, August 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. CGI’s payout ratio is currently 5.96%.

About CGI

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.