Stifel Nicolaus Issues Positive Forecast for CGI (TSE:GIB.A) Stock Price

CGI (TSE:GIB.A) (NYSE:GIB) had its target price lifted by Stifel Nicolaus from C$180.00 to C$185.00 in a research report report published on Thursday,BayStreet.CA reports.

Other equities analysts have also issued reports about the stock. Raymond James increased their price objective on shares of CGI from C$171.00 to C$180.00 in a research report on Thursday, November 7th. Canaccord Genuity Group lifted their price target on shares of CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th. CIBC raised shares of CGI from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$155.00 to C$178.00 in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada lifted their target price on shares of CGI from C$170.00 to C$178.00 in a research note on Thursday, November 7th. Twelve equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$178.31.

CGI Price Performance

CGI stock opened at C$172.46 on Thursday. CGI has a 52-week low of C$132.06 and a 52-week high of C$175.35. The company has a market cap of C$35.15 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 2.24 and a beta of 0.86. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24. The firm’s fifty day moving average is C$157.88 and its 200 day moving average is C$153.67.

CGI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 20th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a 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.