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

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$124.23.

GIB.A has been the subject of a number of recent research reports. Canadian Imperial Bank of Commerce lifted their target price on CGI from C$107.00 to C$108.00 in a report on Thursday, July 30th. Stifel Nicolaus increased their target price on shares of CGI from C$110.00 to C$120.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Sanford C. Bernstein decreased their price target on CGI from C$143.00 to C$141.00 in a research note on Thursday, April 30th. Scotia reduced their price target on shares of CGI from C$120.00 to C$110.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 30th. Finally, Scotiabank decreased their price objective on shares of CGI from C$140.00 to C$120.00 and set a “sector perform” rating for the company in a report on Friday, April 24th.

CGI Stock Up 2.2%

Shares of TSE:GIB.A opened at C$104.02 on Tuesday. The company has a market cap of C$21.54 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 2.24 and a beta of 0.14. CGI has a 12 month low of C$83.34 and a 12 month high of C$134.87. 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 50-day moving average price of C$94.64 and a 200 day moving average price of C$99.03.

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

CGI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 18th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.7%. CGI’s dividend payout ratio (DPR) is 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.