CGI Inc (TSE:GIB.A) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have been given an average rating of “Moderate Buy” by the seven brokerages that are presently covering the company, 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 1 year price target among analysts that have updated their coverage on the stock in the last year is C$147.67.

GIB.A has been the subject of several recent research reports. Desjardins set a C$157.00 price target on shares of CGI and gave the company a “buy” rating in a research report on Thursday, January 29th. BMO Capital Markets cut their price objective on CGI from C$145.00 to C$137.00 in a research report on Thursday, January 29th. Canaccord Genuity Group reduced their price objective on CGI from C$155.00 to C$150.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. TD Securities lifted their target price on CGI from C$145.00 to C$153.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Canadian Imperial Bank of Commerce lowered their target price on CGI from C$139.00 to C$132.00 in a research note on Thursday, January 29th.

CGI Stock Up 0.6%

Shares of GIB.A opened at C$103.41 on Friday. The company’s 50-day simple moving average is C$114.54 and its 200-day simple moving average is C$122.09. 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 has a 1 year low of C$95.84 and a 1 year high of C$152.63. The stock has a market capitalization of C$22.21 billion, a PE ratio of 13.86, a P/E/G ratio of 2.24 and a beta of 0.10.

CGI (TSE:GIB.A) (NYSE:GIB) last announced its quarterly earnings data 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. Analysts forecast that CGI will post 8.3679245 earnings per share for the current fiscal year.

CGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 20th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.7%. CGI’s payout ratio is currently 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.