CGI Inc (GIB.A.TO) – What Are Brokerages Saying About This Stock?

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have earned an average rating of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$124.00.

GIB.A has been the topic of several research analyst reports. Stifel Nicolaus lifted their price target on CGI from C$110.00 to C$120.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. TD boosted their price objective on CGI from C$99.00 to C$118.00 and gave the company a “hold” rating in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce increased their price objective on CGI from C$107.00 to C$108.00 in a report on Thursday, July 30th. Finally, Desjardins decreased their price objective on CGI from C$118.00 to C$115.00 and set a “buy” rating for the company in a report on Thursday, October 8th.

CGI Stock Performance

Shares of CGI stock opened at C$114.95 on Friday. The firm has a market capitalization of C$23.80 billion, a P/E ratio of 14.28, 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. The firm’s 50 day moving average is C$101.24 and its two-hundred day moving average is C$97.48.

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

CGI Announces Dividend

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

About CGI

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.