Shares of CGI Inc (TSE:GIB.A – Get Free Report) (NYSE:GIB) fell 0.9% during mid-day trading on Monday. The company traded as low as C$115.91 and last traded at C$116.70. Approximately 615,913 shares were traded during mid-day trading, a decline of 5% from the average daily volume of 650,162 shares. The stock had previously closed at C$117.74.
Wall Street Analyst Weigh In
Several research firms recently commented on GIB.A. Desjardins lowered their target price on CGI from C$118.00 to C$115.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Stifel Nicolaus boosted their price target 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. Canadian Imperial Bank of Commerce increased their price target on CGI from C$107.00 to C$108.00 in a research note on Thursday, July 30th. Finally, TD raised their price target on CGI from C$99.00 to C$118.00 and gave the company a “hold” rating in a report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, CGI currently has an average rating of “Moderate Buy” and a consensus price target of C$124.00.
Read Our Latest Research Report on GIB.A
CGI Price Performance
The business’s 50-day simple moving average is C$104.05 and its 200 day simple moving average is C$100.30. The company has a market capitalization of C$24.17 billion, a P/E ratio of 14.50, a P/E/G ratio of 2.24 and a beta of 0.29. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24.
CGI Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 18th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, August 14th. CGI’s dividend payout ratio (DPR) 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.
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