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

CGI Inc (TSE:GIB.A) (NYSE:GIB) has received an average recommendation of “Buy” from the eleven research firms that are covering the company, Marketbeat.com reports. Eleven equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$169.83.

Several equities analysts recently commented on the company. Royal Bank of Canada boosted their price target on CGI from C$170.00 to C$178.00 in a research report on Thursday, November 7th. CIBC upgraded shares of CGI from a “neutral” rating to an “outperform” rating and upped their target price for the company from C$155.00 to C$178.00 in a research note on Tuesday, October 15th. Raymond James raised their price target on shares of CGI from C$171.00 to C$180.00 in a report on Thursday, November 7th. Finally, Canaccord Genuity Group upped their price objective on shares of CGI from C$170.00 to C$175.00 in a research report on Thursday, November 7th.

CGI Trading Up 0.3 %

Shares of GIB.A opened at C$162.33 on Thursday. CGI has a 12 month low of C$132.06 and a 12 month high of C$162.63. The stock’s 50-day moving average is C$156.73 and its two-hundred day moving average is C$148.92. 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 cap of C$33.08 billion, a PE ratio of 22.70, a P/E/G ratio of 2.24 and a beta of 0.86.

CGI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 20th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.37%. The ex-dividend date is 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.