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

CGI Inc (TSE:GIB.AGet Free Report) (NYSE:GIB) has received a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$124.23.

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

Check Out Our Latest Analysis on CGI

CGI Price Performance

Shares of TSE:GIB.A opened at C$102.02 on Friday. The business’s 50 day simple moving average is C$99.13 and its 200-day simple moving average is C$97.38. The firm has a market capitalization of C$21.13 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 2.24 and a beta of 0.14. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. CGI has a 12 month low of C$83.34 and a 12 month high of C$134.74.

CGI (TSE:GIB.AGet Free Report) (NYSE:GIB) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$2.29 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$4.19 billion for the quarter. As a group, equities analysts forecast that CGI will post 8.3679245 earnings per share for the current fiscal year.

CGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 18th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.68 annualized dividend and a dividend yield of 0.7%. CGI’s payout ratio is currently 6.09%.

About CGI

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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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Analyst Recommendations for CGI (TSE:GIB.A)

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