CGI Inc (TSE:GIB.A) Receives C$147.67 Consensus Price Target from Analysts

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have been given an average rating of “Moderate Buy” by the seven ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$147.67.

A number of analysts recently weighed in on the stock. TD Securities increased their price objective on shares of CGI from C$145.00 to C$153.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Canaccord Genuity Group decreased their target price on shares of 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. Royal Bank Of Canada dropped their price target on shares of CGI from C$165.00 to C$150.00 and set an “outperform” rating on the stock in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce cut their price target on CGI from C$139.00 to C$132.00 in a report on Thursday, January 29th. Finally, BMO Capital Markets decreased their price objective on CGI from C$145.00 to C$137.00 in a report on Thursday, January 29th.

CGI Stock Performance

CGI stock opened at C$102.46 on Tuesday. The company has a market cap of C$22.00 billion, a PE ratio of 13.73, a P/E/G ratio of 2.24 and a beta of 0.22. The company has a fifty day moving average price of C$122.99 and a two-hundred day moving average price of C$125.65. 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 has a 12 month low of C$98.86 and a 12 month high of C$174.58.

CGI (TSE:GIB.A) (NYSE:GIB) last announced its quarterly earnings results on Wednesday, January 28th. The company reported C$2.12 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$4.08 billion for the quarter. Research analysts expect that CGI will post 8.3679245 earnings per share for the current year.

CGI Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 19th were given a dividend of $0.17 per share. This is a boost from CGI’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, November 21st. This represents a $0.68 dividend on an annualized basis and a yield of 0.7%. CGI’s payout ratio is presently 6.03%.

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.