CGI Inc (TSE:GIB.A) Receives C$127.46 Consensus Target Price from Brokerages

CGI Inc (TSE:GIB.A) (NYSE:GIB) has earned an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$126.31.

A number of brokerages recently commented on GIB.A. Sanford C. Bernstein decreased their price target on CGI from C$143.00 to C$141.00 in a research report on Thursday, April 30th. Desjardins set a C$149.00 target price on CGI and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Raymond James Financial decreased their target price on CGI from C$168.00 to C$130.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. TD Securities raised their target price on CGI from C$145.00 to C$153.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, BMO Capital Markets decreased their target price on CGI from C$137.00 to C$122.00 and set an “outperform” rating for the company in a research report on Monday, April 27th.

CGI Stock Performance

Shares of GIB.A opened at C$92.79 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The company has a market capitalization of C$19.43 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 2.24 and a beta of 0.08. The stock has a 50 day moving average of C$96.76 and a 200 day moving average of C$110.22. CGI has a 12 month low of C$83.34 and a 12 month high of C$150.03.

CGI (TSE:GIB.A) (NYSE:GIB) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$2.27 EPS for the quarter. The company had revenue of C$4.16 billion during the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%. As a group, sell-side analysts forecast that CGI will post 8.3679245 earnings per share for the current year.

CGI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 19th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, May 15th. CGI’s dividend payout ratio (DPR) is currently 6.14%.

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.