CGI Inc (TSE:GIB.A) Receives C$124.23 Average Price Target from Brokerages

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have received an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, 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 1 year price objective among brokerages that have issued a report on the stock in the last year is C$124.23.

Several brokerages have commented on GIB.A. Desjardins upped their price objective on shares of CGI from C$117.00 to C$118.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. TD lifted their price objective on CGI from C$99.00 to C$118.00 and gave the company a “hold” rating in a research report on Thursday, July 30th. Stifel Nicolaus upped their target price on shares of CGI from C$110.00 to C$120.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce lifted their target price on shares of CGI from C$107.00 to C$108.00 in a report on Thursday, July 30th. Finally, National Bank Financial set a C$135.00 target price on CGI and gave the stock an “outperform” rating in a research note on Friday, June 12th.

CGI Price Performance

GIB.A opened at C$104.36 on Friday. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. CGI has a 52-week low of C$83.34 and a 52-week high of C$134.74. The stock has a market capitalization of C$21.61 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 2.24 and a beta of 0.14. The stock’s 50 day moving average price is C$98.12 and its 200-day moving average price is C$97.35.

CGI (TSE:GIB.A) (NYSE:GIB) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C$2.29 EPS for the quarter. The company had revenue of C$4.19 billion during the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%. On average, equities research analysts predict that CGI will post 8.3679245 EPS for the current year.

CGI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 18th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, August 14th. This represents a $0.68 annualized dividend and a yield of 0.7%. CGI’s dividend payout ratio is currently 6.09%.

CGI Company Profile

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.