CGI Inc (TSE:GIB.A) Receives C$124.23 Consensus Price Target from Analysts

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have been given an average recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$124.23.

A number of analysts recently weighed in on the stock. Desjardins upped their target price on shares of CGI from C$117.00 to C$118.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Stifel Nicolaus boosted their price target on shares of CGI from C$110.00 to C$120.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Sanford C. Bernstein decreased their price target on shares of CGI from C$143.00 to C$141.00 in a report on Thursday, April 30th. Royal Bank Of Canada cut shares of CGI from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$150.00 to C$100.00 in a report on Thursday, April 30th. Finally, Canadian Imperial Bank of Commerce increased their price objective on CGI from C$107.00 to C$108.00 in a research report on Thursday, July 30th.

CGI Trading Up 0.3%

Shares of GIB.A opened at C$104.38 on Tuesday. The business’s 50-day moving average price is C$94.80 and its 200-day moving average price is C$99.06. CGI has a twelve month low of C$83.34 and a twelve month high of C$134.87. The stock has a market cap of C$21.61 billion, a PE ratio of 12.97, a P/E/G ratio of 2.24 and a beta of 0.14. 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 announced its quarterly earnings results on Wednesday, July 29th. The company reported C$2.29 earnings per share (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$4.19 billion for the quarter. On average, equities analysts forecast that CGI will post 8.3679245 EPS for the current fiscal year.

CGI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 18th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, August 14th. CGI’s dividend payout ratio is currently 6.09%.

About CGI

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 94,000 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.