CGI Inc (TSE:GIB.A) Receives C$165.90 Average Target Price from Brokerages

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$165.90.

A number of brokerages recently weighed in on GIB.A. Desjardins decreased their price objective on CGI from C$169.00 to C$160.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th. CIBC lowered shares of CGI from an “outperform” rating to a “neutral” rating and decreased their price target for the company from C$146.00 to C$139.00 in a research report on Monday, December 15th. Sanford C. Bernstein lifted their price target on shares of CGI from C$137.00 to C$142.00 in a report on Thursday, November 6th. TD Securities decreased their price objective on CGI from C$190.00 to C$145.00 and set a “buy” rating for the company in a report on Friday, October 3rd. Finally, Raymond James Financial dropped their target price on CGI from C$178.00 to C$168.00 in a research note on Thursday, November 6th.

CGI Stock Performance

Shares of GIB.A stock opened at C$127.72 on Friday. The firm has a market cap of C$27.63 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 2.24 and a beta of 0.23. CGI has a 52-week low of C$117.71 and a 52-week high of C$175.35. 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 company’s 50 day moving average is C$125.87 and its 200 day moving average is C$128.64.

CGI (TSE:GIB.A) (NYSE:GIB) last posted its earnings results on Wednesday, November 5th. The company reported C$2.13 earnings per share for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%.The company had revenue of C$4.01 billion during the quarter. On average, sell-side analysts anticipate that CGI will post 8.3679245 EPS for the current fiscal year.

CGI Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 19th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, November 21st. This is a positive change from CGI’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.5%. CGI’s payout ratio is presently 8.16%.

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. 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.