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

CGI Inc (TSE:GIB.A) (NYSE:GIB) announced 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) annualized dividend and a yield of 0.7%. The ex-dividend date is Wednesday, February 18th.

CGI Stock Performance

Shares of GIB.A stock opened at C$101.55 on Monday. The stock has a market capitalization of C$21.81 billion, a P/E ratio of 13.61, a PEG ratio of 2.24 and a beta of 0.22. CGI has a 12 month low of C$98.86 and a 12 month high of C$174.30. 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 firm’s 50 day moving average is C$122.47 and its 200 day moving average is C$125.26.

CGI (TSE:GIB.A) (NYSE:GIB) last issued its quarterly earnings data 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. On average, sell-side analysts anticipate that CGI will post 8.3679245 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on GIB.A. Sanford C. Bernstein upped their price objective on CGI from C$137.00 to C$142.00 in a report on Thursday, November 6th. 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 for the company in a research report on Monday, January 26th. Desjardins set a C$157.00 price target on shares of CGI and gave the stock a “buy” rating in a report on Thursday, January 29th. Raymond James Financial lowered their price objective on shares of CGI from C$178.00 to C$168.00 in a research note on Thursday, November 6th. Finally, Canadian Imperial Bank of Commerce dropped their target price on shares of CGI from C$139.00 to C$132.00 in a report on Thursday, January 29th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.