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

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been assigned a consensus rating of “Buy” from the eight analysts that are covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$174.90.

A number of brokerages have recently issued reports on GIB.A. Desjardins dropped their price objective on shares of CGI from C$173.00 to C$166.00 and set a “buy” rating for the company in a research note on Tuesday, July 29th. TD Securities dropped their price objective on shares of CGI from C$190.00 to C$145.00 and set a “buy” rating for the company in a research note on Friday, October 3rd. Royal Bank Of Canada dropped their price objective on shares of CGI from C$185.00 to C$175.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Finally, CIBC dropped their price objective on shares of CGI from C$183.00 to C$180.00 in a research note on Monday, July 21st.

CGI Price Performance

Shares of CGI stock opened at C$126.41 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$121.69 and a fifty-two week high of C$175.35. The firm has a fifty day moving average price of C$130.07 and a two-hundred day moving average price of C$139.32. The company has a market cap of C$28.18 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 2.24 and a beta of 0.30.

CGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 19th were paid a $0.15 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.5%. CGI’s dividend payout ratio is currently 5.96%.

About CGI

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.