Analysts Set CGI Inc (TSE:GIB.A) PT at C$124.23

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$124.23.

A number of equities research analysts have issued reports on the stock. TD upped their price objective on shares of CGI from C$99.00 to C$118.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. Stifel Nicolaus boosted their price objective on CGI from C$110.00 to C$120.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. National Bank Financial set a C$135.00 price target on shares of CGI and gave the company an “outperform” rating in a research report on Friday, June 12th. Canadian Imperial Bank of Commerce raised their price objective on shares of CGI from C$107.00 to C$108.00 in a report on Thursday, July 30th. Finally, Desjardins boosted their target price on shares of CGI from C$117.00 to C$118.00 and gave the company a “buy” rating in a research note on Thursday, July 30th.

CGI Trading Down 1.5%

Shares of TSE GIB.A opened at C$100.89 on Friday. The stock has a market cap of C$20.89 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 2.24 and a beta of 0.14. The firm has a 50 day moving average price of C$98.62 and a two-hundred day moving average price of C$97.34. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. CGI has a 52-week low of C$83.34 and a 52-week high of C$134.74.

CGI (TSE:GIB.A) (NYSE:GIB) last announced its earnings results on Wednesday, July 29th. The company reported C$2.29 earnings per share for the quarter. The business had revenue of C$4.19 billion during the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. As a group, equities analysts forecast that CGI will post 8.3679245 EPS for the current year.

CGI Announces Dividend

The business 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. The ex-dividend date is Friday, August 14th. This represents a $0.68 annualized dividend and a yield of 0.7%. CGI’s dividend payout ratio (DPR) is currently 6.09%.

CGI Company Profile

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.