Brokerages Set CGI Inc (TSE:GIB.A) PT at C$169.83

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have been given an average rating of “Buy” by the eleven ratings firms that are presently covering the stock, MarketBeat reports. Eleven investment analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have covered the stock in the last year is C$169.83.

A number of brokerages have weighed in on GIB.A. Raymond James increased their target price on shares of CGI from C$171.00 to C$180.00 in a research report on Thursday, November 7th. Royal Bank of Canada raised their price objective on shares of CGI from C$170.00 to C$178.00 in a report on Thursday, November 7th. CIBC raised shares of CGI from a “neutral” rating to an “outperform” rating and boosted their target price for the company from C$155.00 to C$178.00 in a report on Tuesday, October 15th. Finally, Canaccord Genuity Group raised their price target on CGI from C$170.00 to C$175.00 in a report on Thursday, November 7th.

CGI Price Performance

GIB.A opened at C$155.54 on Monday. CGI has a fifty-two week low of C$132.06 and a fifty-two week high of C$162.63. The firm has a 50-day moving average of C$156.92 and a 200 day moving average of C$151.47. 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$31.70 billion, a P/E ratio of 21.75, a PEG ratio of 2.24 and a beta of 0.86.

CGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date was Wednesday, November 20th.

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.