CGI (TSE:GIB.A) Sets New 12-Month Low – What’s Next?

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) hit a new 52-week low on Wednesday . The company traded as low as C$98.84 and last traded at C$99.47, with a volume of 48248 shares. The stock had previously closed at C$100.04.

Wall Street Analysts Forecast Growth

GIB.A has been the topic of a number of research reports. Desjardins set a C$157.00 target price on shares of CGI and gave the company a “buy” rating in a research report on Thursday, January 29th. Sanford C. Bernstein raised their price objective on CGI from C$137.00 to C$142.00 in a research note on Thursday, November 6th. TD Securities lifted their price target on shares of CGI from C$145.00 to C$153.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Royal Bank Of Canada lowered 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 report on Monday, January 26th. Finally, Raymond James Financial cut their target price on CGI from C$178.00 to C$168.00 in a research report on Thursday, November 6th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$147.67.

CGI Stock Performance

The company has a market cap of C$21.46 billion, a P/E ratio of 13.39, a P/E/G ratio of 2.24 and a beta of 0.22. The business has a fifty day moving average of C$121.49 and a 200 day moving average of C$124.81. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24.

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

CGI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 20th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, February 18th. CGI’s dividend payout ratio (DPR) is 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.