CGI (TSE:GIB.A) Sets New 12-Month Low – Here’s Why

CGI Inc (TSE:GIB.A) (NYSE:GIB) shares hit a new 52-week low during trading on Monday . The company traded as low as C$0.02 and last traded at C$149.61, with a volume of 253733 shares changing hands. The stock had previously closed at C$149.97.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GIB.A. BMO Capital Markets raised their price target on shares of CGI from C$177.00 to C$190.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. TD Securities upped 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. Canaccord Genuity Group increased their price target on CGI from C$170.00 to C$175.00 in a report on Thursday, November 7th. Scotiabank lifted their price target on shares of CGI from C$170.00 to C$185.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada upped 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 equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$178.31.

CGI Trading Down 0.1 %

The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. The stock has a market cap of C$30.54 billion, a P/E ratio of 20.96, a PEG ratio of 2.24 and a beta of 0.86. The firm’s fifty day moving average price is C$162.35 and its two-hundred day moving average price is C$157.32.

CGI Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 21st will be paid a $0.15 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.40%.

CGI Company Profile

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.