Analysts Set CGI Inc (TSE:GIB.A) Price Target at C$166.90

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been assigned an average rating of “Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$166.90.

Several equities analysts have recently commented on the stock. Raymond James Financial lowered their price target on shares of CGI from C$178.00 to C$168.00 in a research report on Thursday, November 6th. Sanford C. Bernstein boosted their target price on shares of CGI from C$137.00 to C$142.00 in a research note on Thursday, November 6th. Desjardins decreased their target price on shares of CGI from C$169.00 to C$160.00 and set a “buy” rating for the company in a research report on Tuesday, November 4th. CIBC dropped their price target on shares of CGI from C$180.00 to C$149.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 29th. Finally, TD Securities cut their price target on CGI from C$190.00 to C$145.00 and set a “buy” rating on the stock in a report on Friday, October 3rd.

CGI Price Performance

Shares of TSE GIB.A opened at C$124.85 on Thursday. CGI has a 1-year low of C$117.71 and a 1-year high of C$175.35. 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 business’s fifty day moving average price is C$123.30 and its two-hundred day moving average price is C$133.07. The firm has a market capitalization of C$27.83 billion, a PE ratio of 16.99, a P/E/G ratio of 2.24 and a beta of 0.27.

CGI Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 19th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, November 21st. This is an increase from CGI’s previous quarterly dividend of $0.15. CGI’s dividend payout ratio (DPR) is presently 8.16%.

About CGI

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.