CGI (TSE:GIB.A) Price Target Lowered to C$150.00 at Royal Bank Of Canada

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective lowered by Royal Bank Of Canada from C$165.00 to C$150.00 in a research note released on Monday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts also recently weighed in on GIB.A. Raymond James Financial reduced their target price on CGI from C$178.00 to C$168.00 in a research note on Thursday, November 6th. Sanford C. Bernstein raised their target price on shares of CGI from C$137.00 to C$142.00 in a research note on Thursday, November 6th. Desjardins lowered their price target on shares of CGI from C$169.00 to C$160.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. CIBC cut CGI from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from C$146.00 to C$139.00 in a report on Monday, December 15th. Finally, TD Securities lowered 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 report on Friday, October 3rd. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$163.40.

CGI Price Performance

GIB.A opened at C$122.45 on Monday. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. The firm has a market capitalization of C$26.49 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 2.24 and a beta of 0.23. The business’s 50-day moving average is C$125.99 and its two-hundred day moving average is C$127.83. CGI has a 1 year low of C$117.71 and a 1 year high of C$175.35.

CGI (TSE:GIB.A) (NYSE:GIB) last released its earnings results on Wednesday, November 5th. The company reported C$2.13 EPS for the quarter. The company had revenue of C$4.01 billion during the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. Research analysts anticipate that CGI will post 8.3679245 earnings per share for the current fiscal year.

CGI Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, December 19th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, November 21st. This is a positive change from CGI’s previous quarterly dividend of $0.15. CGI’s dividend payout ratio is currently 8.16%.

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. 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.