CGI (TSE:GIB.A) Given New C$185.00 Price Target at Scotiabank

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective raised by Scotiabank from C$170.00 to C$185.00 in a research note published on Thursday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts have also issued reports about the stock. Royal Bank of Canada increased their price target on shares of CGI from C$178.00 to C$192.00 and gave the stock an “outperform” rating in a research note on Thursday. BMO Capital Markets increased their price target on shares of CGI from C$177.00 to C$190.00 and gave the stock an “outperform” rating in a research note on Thursday. Raymond James increased their price target on shares of CGI from C$180.00 to C$183.00 and gave the stock an “outperform” rating in a research note on Thursday. Stifel Nicolaus increased their price target on shares of CGI from C$180.00 to C$185.00 in a research note on Thursday. Finally, Canaccord Genuity Group increased their price target on shares of CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CGI currently has a consensus rating of “Buy” and an average price target of C$178.31.

CGI Stock Up 4.2 %

Shares of TSE GIB.A opened at C$172.46 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. CGI has a 12 month low of C$132.06 and a 12 month high of C$175.35. The firm has a market capitalization of C$35.15 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The firm has a fifty day simple moving average of C$157.88 and a two-hundred day simple moving average of C$153.67.

CGI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Wednesday, November 20th.

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.