CGI (TSE:GIB.A) Price Target Cut to C$150.00 by Analysts at National Bank Financial

CGI (TSE:GIB.A) (NYSE:GIB) had its target price trimmed by National Bank Financial from C$185.00 to C$150.00 in a research report report published on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also weighed in on GIB.A. Desjardins dropped their target price on shares of CGI from C$157.00 to C$149.00 in a research report on Tuesday, April 21st. Canaccord Genuity Group dropped their target price on shares of CGI from C$155.00 to C$150.00 and set a “buy” rating for the company in a research report on Thursday, January 29th. BMO Capital Markets dropped their target price on shares of CGI from C$145.00 to C$137.00 in a research report on Thursday, January 29th. Royal Bank Of Canada dropped their target price on shares of CGI from C$165.00 to C$150.00 and set an “outperform” rating for the company in a research report on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce dropped their target price on shares of CGI from C$132.00 to C$112.00 in a research report on Friday, April 17th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$141.60.

CGI Price Performance

Shares of TSE:GIB.A opened at C$100.18 on Monday. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. The firm has a fifty day moving average price of C$100.53 and a 200 day moving average price of C$114.73. CGI has a fifty-two week low of C$95.84 and a fifty-two week high of C$152.63. The firm has a market cap of C$21.51 billion, a price-to-earnings ratio of 13.43, a P/E/G ratio of 2.24 and a beta of 0.09.

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

CGI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 20th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, February 18th. CGI’s dividend payout ratio (DPR) 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.