CGI (TSE:GIB.A) Price Target Cut to C$122.00 by Analysts at BMO Capital Markets

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective reduced by BMO Capital Markets from C$137.00 to C$122.00 in a report released on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued research reports about the stock. Canadian Imperial Bank of Commerce cut their price target on shares of CGI from C$132.00 to C$112.00 in a report on Friday, April 17th. Royal Bank Of Canada cut their price target on shares of CGI from C$165.00 to C$150.00 and set an “outperform” rating for the company in a report on Monday, January 26th. Desjardins cut their price target on shares of CGI from C$157.00 to C$149.00 in a report on Tuesday, April 21st. TD Securities boosted their price target on shares of CGI from C$145.00 to C$153.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, Scotiabank cut their price target on shares of CGI from C$140.00 to C$120.00 and set a “sector perform” rating for the company in a report on Friday. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$141.60.

CGI Stock Performance

Shares of TSE GIB.A opened at C$100.18 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. CGI has a 12 month low of C$95.84 and a 12 month high of C$152.63. The company has a 50 day simple moving average of C$100.53 and a two-hundred day simple moving average of C$114.73. The stock has a market cap of C$21.51 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 2.24 and a beta of 0.09.

CGI (TSE:GIB.A) (NYSE:GIB) last posted its earnings results on Wednesday, January 28th. The company reported C$2.12 earnings per share for the quarter. The firm had revenue of C$4.08 billion during the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. As a group, analysts predict that CGI will post 8.3679245 earnings per share for the current year.

CGI Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 20th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, February 18th. CGI’s payout ratio is 6.03%.

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. 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.