Brokerages Set CGI Inc (TSE:GIB.A) PT at C$147.67

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

GIB.A has been the topic of a number of analyst reports. BMO Capital Markets dropped their price objective on CGI from C$145.00 to C$137.00 in a research note on Thursday, January 29th. Scotiabank set a C$140.00 target price on shares of CGI and gave the company a “sector perform” rating in a research note on Tuesday, January 27th. Desjardins set a C$157.00 target price on shares of CGI and gave the stock a “buy” rating in a report on Thursday, January 29th. Royal Bank Of Canada cut their price target on shares of CGI from C$165.00 to C$150.00 and set an “outperform” rating for the company in a research note on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce decreased their price objective on shares of CGI from C$139.00 to C$132.00 in a research report on Thursday, January 29th.

CGI Stock Performance

CGI stock opened at C$103.00 on Wednesday. The firm has a 50-day moving average of C$103.77 and a 200-day moving average of C$117.51. CGI has a one year low of C$95.84 and a one year 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 company has a market cap of C$22.12 billion, a price-to-earnings ratio of 13.81, a P/E/G ratio of 2.24 and a beta of 0.09.

CGI (TSE:GIB.A) (NYSE:GIB) last released its earnings results on Wednesday, January 28th. The company reported C$2.12 earnings per share (EPS) for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%.The business had revenue of C$4.08 billion for the quarter. On average, equities analysts expect 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 was paid on Friday, March 20th. Investors of record on Friday, March 20th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.7%. The ex-dividend date was 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.