CGI Inc (TSE:GIB.A) Receives C$126.31 Average Price Target from Brokerages

CGI Inc (TSE:GIB.A) (NYSE:GIB) has earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$126.31.

A number of research firms have issued reports on GIB.A. National Bank Financial set a C$135.00 price objective on shares of CGI and gave the company an “outperform” rating in a report on Friday, June 12th. Scotia cut their target price on shares of CGI from C$120.00 to C$110.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 30th. Desjardins set a C$149.00 price target on shares of CGI and gave the company a “buy” rating in a research note on Wednesday, April 29th. Sanford C. Bernstein lowered their target price on shares of CGI from C$143.00 to C$141.00 in a research note on Thursday, April 30th. Finally, BMO Capital Markets lowered their target price on shares of CGI from C$137.00 to C$122.00 and set an “outperform” rating for the company in a research note on Monday, April 27th.

CGI Trading Up 3.4%

GIB.A opened at C$89.63 on Monday. The firm’s fifty day moving average is C$94.32 and its two-hundred day moving average is C$106.82. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. The firm has a market cap of C$18.77 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 2.24 and a beta of 0.09. CGI has a twelve month low of C$83.34 and a twelve month high of C$148.52.

CGI (TSE:GIB.A) (NYSE:GIB) last released its earnings results on Wednesday, April 29th. The company reported C$2.27 earnings per share (EPS) for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%.The firm had revenue of C$4.16 billion during the quarter. Equities research analysts anticipate that CGI will post 8.3679245 EPS for the current year.

CGI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 19th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.68 annualized dividend and a dividend yield of 0.8%. CGI’s payout ratio is 6.14%.

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.