CGI Inc (TSE:GIB.A) Given Consensus Rating of “Moderate Buy” by Analysts

CGI Inc (TSE:GIB.A) (NYSE:GIB) has received an average recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$165.90.

A number of equities research analysts recently issued reports on GIB.A shares. Desjardins decreased their price target on CGI from C$169.00 to C$160.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th. CIBC lowered CGI from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from C$146.00 to C$139.00 in a research note on Monday, December 15th. TD Securities decreased their target price on CGI from C$190.00 to C$145.00 and set a “buy” rating for the company in a research report on Friday, October 3rd. Raymond James Financial cut their price target on shares of CGI from C$178.00 to C$168.00 in a report on Thursday, November 6th. Finally, Sanford C. Bernstein raised their price target on shares of CGI from C$137.00 to C$142.00 in a research note on Thursday, November 6th.

CGI Price Performance

GIB.A stock opened at C$120.64 on Friday. The stock has a market cap of C$26.09 billion, a PE ratio of 16.41, a P/E/G ratio of 2.24 and a beta of 0.23. CGI has a 12 month low of C$117.71 and a 12 month high of C$175.35. The company has a 50-day moving average price of C$125.99 and a 200 day moving average price of C$128.37. 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 (TSE:GIB.A) (NYSE:GIB) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$2.13 earnings per share (EPS) for the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. The business had revenue of C$4.01 billion during the quarter. Equities research analysts anticipate that CGI will post 8.3679245 earnings per share for the current year.

CGI Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 19th were paid a dividend of $0.17 per share. This is a boost from CGI’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, November 21st. CGI’s payout ratio is presently 8.16%.

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.