CGI Inc (TSE:GIB.A) Given Consensus Recommendation of “Buy” by Analysts

CGI Inc (TSE:GIB.A) (NYSE:GIB) has earned a consensus recommendation of “Buy” from the twelve brokerages that are covering the firm, MarketBeat reports. Twelve equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$178.31.

GIB.A has been the topic of a number of recent research reports. Scotiabank upped 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 note on Thursday, January 30th. TD Securities increased their price target on shares of CGI from C$180.00 to C$190.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Canaccord Genuity Group upped their price objective on CGI from C$175.00 to C$190.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. BMO Capital Markets lifted their target price on CGI from C$177.00 to C$190.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, Stifel Nicolaus increased their price target on CGI from C$180.00 to C$185.00 in a report on Thursday, January 30th.

CGI Stock Down 1.1 %

Shares of GIB.A opened at C$140.53 on Friday. 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 capitalization of C$28.64 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. CGI has a 1 year low of C$132.06 and a 1 year high of C$175.35. The business’s 50 day simple moving average is C$158.19 and its 200-day simple moving average is C$156.99.

CGI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, March 21st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend was Friday, February 14th.

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.