CGI (TSE:GIB.A) Given a C$149.00 Price Target by Desjardins Analysts

Desjardins set a C$149.00 price objective on CGI (TSE:GIB.A) (NYSE:GIB) in a research report released on Wednesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. Stifel Nicolaus decreased their target price on CGI from C$160.00 to C$128.00 and set a “buy” rating for the company in a research note on Tuesday. Scotiabank dropped their target price on shares of CGI from C$140.00 to C$120.00 and set a “sector perform” rating on the stock in a report on Friday, April 24th. Canaccord Genuity Group decreased their price target on shares of CGI from C$155.00 to C$150.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Royal Bank Of Canada cut their price objective on CGI from C$165.00 to C$150.00 and set an “outperform” rating for the company in a research report on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce decreased their target price on CGI from C$132.00 to C$112.00 in a report on Friday, April 17th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, CGI has an average rating of “Moderate Buy” and a consensus target price of C$140.36.

CGI Trading Down 10.8%

Shares of GIB.A stock opened at C$89.78 on Wednesday. CGI has a 1 year low of C$84.70 and a 1 year high of C$152.63. The firm has a market capitalization of C$19.28 billion, a PE ratio of 12.03, a price-to-earnings-growth ratio of 2.24 and a beta of 0.09. The stock has a fifty day moving average of C$100.31 and a two-hundred day moving average of C$114.39. 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 (TSE:GIB.A) (NYSE:GIB) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$2.27 earnings per share for the quarter. The company had revenue of C$4.16 billion during the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. As a group, research analysts expect 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, March 20th. Stockholders of record on Friday, March 20th were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, February 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.8%. CGI’s payout ratio is currently 6.03%.

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.