CGI Inc to Issue Quarterly Dividend of $0.15 (TSE:GIB.A)

CGI Inc (TSE:GIB.A) (NYSE:GIB) announced a quarterly dividend on Friday, February 14th,TickerTech Dividends reports. Stockholders of record on Friday, March 21st will be paid a dividend of 0.15 per share on Friday, March 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend is Friday, February 14th.

CGI Stock Performance

Shares of TSE:GIB.A traded down C$0.48 during mid-day trading on Wednesday, reaching C$172.15. The company had a trading volume of 55,423 shares, compared to its average volume of 330,097. CGI has a one year low of C$132.06 and a one year high of C$175.35. 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’s 50-day moving average price is C$160.66 and its 200-day moving average price is C$155.72. The firm has a market cap of C$35.08 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 2.24 and a beta of 0.86.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GIB.A. TD Securities increased their price target on CGI from C$180.00 to C$190.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. BMO Capital Markets upped their price objective on shares of CGI from C$177.00 to C$190.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Raymond James lifted their target price on shares of CGI from C$180.00 to C$183.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. CIBC boosted their price target on shares of CGI from C$178.00 to C$183.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada raised their price objective on shares of CGI from C$178.00 to C$192.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$178.31.

About CGI

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.