CGI (TSE:GIB.A) Given a C$135.00 Price Target at National Bank Financial

National Bank Financial set a C$135.00 price target on CGI (TSE:GIB.A) (NYSE:GIB) in a research report sent to investors on Friday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities analysts have also issued reports about the company. BMO Capital Markets decreased their price target on CGI from C$137.00 to C$122.00 and set an “outperform” rating for the company in a research note on Monday, April 27th. Scotia decreased their price target on CGI from C$120.00 to C$110.00 and set a “sector perform” rating for the company in a research note on Thursday, April 30th. Sanford C. Bernstein decreased their price target on CGI from C$143.00 to C$141.00 in a research note on Thursday, April 30th. Canadian Imperial Bank of Commerce decreased their price target on CGI from C$132.00 to C$112.00 in a research note on Friday, April 17th. Finally, Scotiabank cut their price objective on CGI from C$140.00 to C$120.00 and set a “sector perform” rating for the company in a research report on Friday, April 24th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, CGI presently has a consensus rating of “Moderate Buy” and a consensus target price of C$126.31.

CGI Stock Performance

Shares of GIB.A stock opened at C$93.20 on Friday. CGI has a 12-month low of C$83.34 and a 12-month high of C$150.00. The firm has a market capitalization of C$19.52 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 2.24 and a beta of 0.09. The business has a 50 day simple moving average of C$95.40 and a 200 day simple moving average of C$107.99. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97.

CGI (TSE:GIB.A) (NYSE:GIB) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$2.27 earnings per share (EPS) for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%.The business had revenue of C$4.16 billion during the quarter. On average, equities research analysts anticipate that CGI will post 8.3679245 EPS for the current year.

CGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 19th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.7%. CGI’s dividend payout ratio is 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.