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

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been assigned a consensus recommendation of “Buy” from the eight research firms that are covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$171.80.

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada reduced their target price on shares of CGI from C$185.00 to C$175.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. TD Securities reduced their target price on shares of CGI from C$190.00 to C$145.00 and set a “buy” rating on the stock in a research report on Friday, October 3rd. Desjardins dropped their price objective on shares of CGI from C$173.00 to C$166.00 and set a “buy” rating on the stock in a research note on Tuesday, July 29th. Finally, CIBC dropped their price objective on shares of CGI from C$180.00 to C$149.00 and set an “outperform” rating on the stock in a research note on Wednesday.

CGI Stock Performance

Shares of TSE:GIB.A opened at C$122.06 on Friday. The firm has a market cap of C$27.21 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 2.24 and a beta of 0.30. The firm’s 50 day simple moving average is C$126.99 and its 200-day simple moving average is C$136.97. CGI has a one year low of C$119.51 and a one year high of C$175.35. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16.

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 dividend of $0.15 per share. 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 (DPR) is currently 5.96%.

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.