CGI Inc (TSE:GIB.A) Receives C$147.67 Consensus Target Price from Brokerages

CGI Inc (TSE:GIB.A) (NYSE:GIB) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$147.67.

Several equities research analysts have recently weighed in on GIB.A shares. BMO Capital Markets reduced their price objective on CGI from C$145.00 to C$137.00 in a research note on Thursday, January 29th. Canaccord Genuity Group reduced their target price on CGI from C$155.00 to C$150.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Desjardins set a C$157.00 price target on CGI and gave the company a “buy” rating in a research report on Thursday, January 29th. Scotiabank set a C$140.00 price target on CGI and gave the stock a “sector perform” rating in a research note on Tuesday, January 27th. Finally, TD Securities boosted their price objective on CGI from C$145.00 to C$153.00 and gave the stock a “buy” rating in a report on Thursday, January 29th.

CGI Stock Down 0.5%

GIB.A stock opened at C$102.94 on Friday. The firm has a market cap of C$22.11 billion, a PE ratio of 13.80, a P/E/G ratio of 2.24 and a beta of 0.10. CGI has a 12 month low of C$95.84 and a 12 month high of C$152.63. 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 firm has a 50 day simple moving average of C$114.03 and a 200 day simple moving average of C$121.75.

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

CGI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 20th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, February 18th. CGI’s dividend payout ratio (DPR) is 6.03%.

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.