CGI Inc (TSE:GIB.A) Stock Has Consensus Target Price of C$124.23

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$124.23.

GIB.A has been the topic of a number of research reports. Stifel Nicolaus increased their price objective on CGI from C$110.00 to C$120.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Desjardins lifted their target price on shares of CGI from C$117.00 to C$118.00 and gave the company a “buy” rating 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. TD increased their price target on shares of CGI from C$99.00 to C$118.00 and gave the stock a “hold” rating in a research note on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of CGI from C$107.00 to C$108.00 in a report on Thursday, July 30th.

CGI Stock Performance

Shares of GIB.A stock opened at C$95.84 on Wednesday. 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 fifty-two week low of C$83.34 and a fifty-two week high of C$131.97. The stock’s 50-day moving average is C$100.41 and its two-hundred day moving average is C$97.16. The firm has a market cap of C$19.85 billion, a P/E ratio of 11.91, a PEG ratio of 2.24 and a beta of 0.19.

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

CGI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 18th were issued a $0.17 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.68 dividend on an annualized basis and a yield of 0.7%. CGI’s dividend payout ratio is currently 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.