CGI Group, Inc. (NYSE:GIB – Get Free Report) (TSE:GIB.A) has received an average recommendation of “Reduce” from the seven ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $83.6667.
Several analysts recently weighed in on GIB shares. UBS Group reduced their price target on CGI Group from $79.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Royal Bank Of Canada lowered shares of CGI Group from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $150.00 to $100.00 in a research report on Thursday, April 30th. TD Securities downgraded shares of CGI Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of CGI Group in a research report on Wednesday, June 24th.
Check Out Our Latest Research Report on CGI Group
Institutional Inflows and Outflows
CGI Group Stock Up 0.9%
CGI Group stock opened at $74.93 on Friday. The company’s 50-day moving average price is $68.70 and its two-hundred day moving average price is $70.67. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 0.28. The stock has a market cap of $15.84 billion, a P/E ratio of 12.85 and a beta of 0.46. CGI Group has a twelve month low of $59.63 and a twelve month high of $97.55.
CGI Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 14th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 14th. CGI Group’s dividend payout ratio is presently 8.23%.
CGI Group Company Profile
CGI Group Inc is a global information technology and business consulting firm that delivers a broad range of services including IT consulting, systems integration, application development and maintenance, infrastructure and network services, managed IT and business process outsourcing. The company works with clients to design, build and operate IT systems and business solutions, with capabilities spanning cloud and hybrid IT environments, cybersecurity, data analytics and artificial intelligence, digital transformation and enterprise resource planning implementations.
Founded in 1976 in Quebec by Serge Godin and André Imbeau, CGI has grown from a regional systems integrator into a multinational professional services organization.
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