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

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) have earned an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$126.31.

Several brokerages recently issued reports on GIB.A. Raymond James Financial lowered their target price on CGI from C$168.00 to C$130.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Scotiabank reduced their price target on CGI from C$140.00 to C$120.00 and set a “sector perform” rating on the stock in a research report on Friday, April 24th. TD decreased their price target on CGI from C$153.00 to C$102.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Sanford C. Bernstein lowered their price objective on CGI from C$143.00 to C$141.00 in a research report on Thursday, April 30th. Finally, Stifel Nicolaus cut their price objective on CGI from C$160.00 to C$128.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th.

CGI Price Performance

GIB.A stock opened at C$94.70 on Friday. The company has a fifty day moving average price of C$91.61 and a 200-day moving average price of C$103.35. The company has a market capitalization of C$19.83 billion, a P/E ratio of 12.36, a PEG ratio of 2.24 and a beta of 0.13. CGI has a 52-week low of C$83.34 and a 52-week high of C$142.48. 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 (TSE:GIB.A) (NYSE:GIB) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$2.27 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$4.16 billion for the quarter. As a group, equities analysts expect that CGI will post 8.3679245 EPS for the current year.

CGI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 19th. Shareholders of record on Friday, June 19th were given 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 Friday, May 15th. CGI’s dividend payout ratio is currently 6.14%.

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.