CIBC Cuts CGI (TSE:GIB.A) Price Target to C$132.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective lowered by CIBC from C$139.00 to C$132.00 in a report published on Thursday,BayStreet.CA reports.

GIB.A has been the subject of a number of other research reports. Raymond James Financial cut their price target on shares of CGI from C$178.00 to C$168.00 in a report on Thursday, November 6th. Royal Bank Of Canada decreased their price objective on shares of CGI from C$165.00 to C$150.00 and set an “outperform” rating on the stock in a research note on Monday, January 26th. Desjardins cut their target price on CGI from C$169.00 to C$160.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th. Sanford C. Bernstein raised their target price on CGI from C$137.00 to C$142.00 in a report on Thursday, November 6th. Finally, Scotiabank set a C$140.00 price target on CGI and gave the company a “sector perform” rating in a research note on Tuesday, January 27th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$147.67.

CGI Price Performance

Shares of TSE GIB.A opened at C$116.70 on Thursday. The business has a fifty day moving average price of C$125.64 and a two-hundred day moving average price of C$127.32. The stock has a market capitalization of C$25.06 billion, a PE ratio of 15.64, a P/E/G ratio of 2.24 and a beta of 0.23. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. CGI has a fifty-two week low of C$113.60 and a fifty-two week high of C$174.58.

CGI (TSE:GIB.A) (NYSE:GIB) last issued its quarterly earnings results on Wednesday, January 28th. The company reported C$2.12 EPS for the quarter. The company had revenue of C$4.08 billion for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%. As a group, equities analysts predict that CGI will post 8.3679245 earnings per share for the current fiscal year.

CGI Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 19th were given a $0.17 dividend. This is an increase from CGI’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, November 21st. CGI’s dividend payout ratio (DPR) is 6.03%.

CGI News Summary

Here are the key news stories impacting CGI this week:

• Positive Sentiment: TD Securities raised its price target to C$153 and kept a “buy” rating, increasing visible upside and likely supporting buying interest. Read More. Read More.
• Positive Sentiment: Desjardins initiated/issued a new C$157 price target with a “buy” rating, representing a material premium to the current price and bolstering bullish analyst coverage. Read More.
• Positive Sentiment: Canaccord Genuity moved its target to C$150 and retained a “buy” rating, signaling continued confidence from a major shop despite a modest cut. Read More.
• Positive Sentiment: Scotiabank set a C$140 target, adding another analyst reference point above the current price that can support demand from value-oriented investors. Read More.
• Negative Sentiment: BMO Capital Markets lowered its target from C$145 to C$137, a cut that tempers upside expectations and may reduce conviction among more cautious holders. Read More.
• Negative Sentiment: CIBC trimmed its price target from C$139 to C$132, another downward revision that offsets some of the positive analyst noise. Read More.
• Negative Sentiment: A recent Yahoo Finance piece highlights a ~29% one‑year share decline and frames CGI as a potential “value” opportunity — a signal that sentiment has been weak and some investors may remain cautious despite analyst buy calls. Read More.

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. 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.