CGI Inc (TSE:GIB.A) to Issue Quarterly Dividend of $0.15

CGI Inc (TSE:GIB.A) (NYSE:GIB) announced a quarterly dividend on Wednesday, November 20th,TickerTech Dividends reports. Investors of record on Friday, December 20th will be given a dividend of 0.15 per share on Friday, December 20th. This represents a $0.60 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Wednesday, November 20th.

CGI Stock Performance

Shares of GIB.A opened at C$151.42 on Monday. The company has a 50-day moving average of C$155.72 and a two-hundred day moving average of C$147.22. The stock has a market cap of C$30.86 billion, a P/E ratio of 21.18, a PEG ratio of 2.24 and a beta of 0.86. CGI has a 12-month low of C$132.06 and a 12-month high of C$160.75. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Canaccord Genuity Group lifted their price target on shares of CGI from C$170.00 to C$175.00 in a report on Thursday, November 7th. Sanford C. Bernstein lifted 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 note on Thursday, August 1st. Jefferies Financial Group increased their price target on CGI from C$121.00 to C$132.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. BMO Capital Markets upped their target price on CGI from C$160.00 to C$170.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Finally, Stifel Nicolaus raised their target price on shares of CGI from C$170.00 to C$180.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$169.83.

About CGI

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.