CGI (TSE:GIB.A) Hits New 12-Month High – Should You Buy?

CGI Inc (TSE:GIB.A) (NYSE:GIB) reached a new 52-week high during trading on Monday . The company traded as high as C$163.41 and last traded at C$163.05, with a volume of 52459 shares. The stock had previously closed at C$160.58.

Wall Street Analyst Weigh In

GIB.A has been the subject of a number of research analyst reports. CIBC upgraded shares of CGI from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$155.00 to C$178.00 in a report on Tuesday, October 15th. Royal Bank of Canada boosted their price target on CGI from C$170.00 to C$178.00 in a report on Thursday, November 7th. Canaccord Genuity Group raised their price objective on CGI from C$170.00 to C$175.00 in a report on Thursday, November 7th. Finally, Raymond James upped their target price on CGI from C$171.00 to C$180.00 in a report on Thursday, November 7th. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$169.83.

CGI Stock Performance

The company has a market cap of C$33.58 billion, a P/E ratio of 23.04, a P/E/G ratio of 2.24 and a beta of 0.86. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. The business has a 50-day moving average of C$157.32 and a two-hundred day moving average of C$153.27.

CGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Wednesday, November 20th.

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.