CGI (TSE:GIB.A) Price Target Raised to C$175.00

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective boosted by Canaccord Genuity Group from C$170.00 to C$175.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

Other research analysts have also issued reports about the company. Desjardins raised their price objective on CGI from C$166.00 to C$172.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. CIBC upgraded shares of CGI from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from C$155.00 to C$178.00 in a research report on Tuesday, October 15th. Royal Bank of Canada lifted their price objective on shares of CGI from C$170.00 to C$178.00 in a research note on Thursday. Sanford C. Bernstein boosted their target price on shares of CGI from C$127.00 to C$138.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Scotiabank upped their price objective on shares of CGI from C$160.00 to C$170.00 in a research report on Friday, August 2nd. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CGI has an average rating of “Buy” and an average target price of C$169.83.

CGI Trading Up 0.0 %

Shares of TSE GIB.A traded up C$0.07 during trading on Thursday, reaching C$155.92. The stock had a trading volume of 38,715 shares, compared to its average volume of 328,291. The company has a market cap of C$31.77 billion, a P/E ratio of 21.82, a PEG ratio of 2.24 and a beta of 0.86. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. The business’s 50-day moving average price is C$154.96 and its 200-day moving average price is C$146.64. CGI has a fifty-two week low of C$132.06 and a fifty-two week high of C$160.75.

CGI Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 20th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a dividend yield of 0.1%.

CGI Company Profile

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities.