CGI Inc (TSE:GIB.A) Given Consensus Recommendation of “Moderate Buy” by Brokerages

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$147.67.

Several analysts have commented on GIB.A shares. Desjardins set a C$157.00 target price on shares of CGI and gave the company a “buy” rating in a research report on Thursday, January 29th. BMO Capital Markets decreased their price objective on CGI from C$145.00 to C$137.00 in a research note on Thursday, January 29th. TD Securities increased their target price on CGI from C$145.00 to C$153.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Sanford C. Bernstein boosted their target price on CGI from C$137.00 to C$142.00 in a research report on Thursday, November 6th. Finally, Raymond James Financial cut their price target on shares of CGI from C$178.00 to C$168.00 in a research report on Thursday, November 6th.

CGI Stock Performance

Shares of TSE:GIB.A opened at C$109.92 on Tuesday. The stock has a market capitalization of C$23.61 billion, a P/E ratio of 14.73, a P/E/G ratio of 2.24 and a beta of 0.22. CGI has a 1-year low of C$106.00 and a 1-year high of C$174.58. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The business has a 50-day moving average price of C$124.24 and a two-hundred day moving average price of C$126.18.

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

CGI Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, December 19th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.6%. This is a boost from CGI’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, November 21st. 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.