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

CGI Inc (TSE:GIB.A) (NYSE:GIB) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$147.67.

A number of research analysts have commented on GIB.A shares. BMO Capital Markets reduced their price objective on shares of CGI from C$145.00 to C$137.00 in a research note on Thursday, January 29th. 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. Canadian Imperial Bank of Commerce cut their target price on shares of CGI from C$139.00 to C$132.00 in a research note on Thursday, January 29th. TD Securities increased their price target on shares of CGI from C$145.00 to C$153.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, Desjardins set a C$157.00 price target on CGI and gave the stock a “buy” rating in a research note on Thursday, January 29th.

CGI Stock Performance

Shares of GIB.A opened at C$101.70 on Wednesday. The firm has a market cap of C$21.84 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 2.24 and a beta of 0.10. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24. The business’s 50 day moving average is C$104.96 and its two-hundred day moving average is C$118.06. CGI has a 52-week low of C$95.84 and a 52-week high of C$152.63.

CGI (TSE:GIB.A) (NYSE:GIB) last released its quarterly earnings results on Wednesday, January 28th. The company reported C$2.12 earnings per share for the quarter. The business 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%. Analysts forecast that CGI will post 8.3679245 EPS for the current fiscal year.

CGI Dividend Announcement

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

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.