CGI (TSE:GIB.A) Stock Price Expected to Rise, Raymond James Analyst Says

CGI (TSE:GIB.A) (NYSE:GIB) had its target price hoisted by Raymond James from C$171.00 to C$180.00 in a report issued on Thursday morning,BayStreet.CA reports.

A number of other brokerages have also issued reports on GIB.A. Royal Bank of Canada upped their price objective on shares of CGI from C$170.00 to C$178.00 in a report on Thursday. Sanford C. Bernstein increased their price target on shares of CGI from C$127.00 to C$138.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Scotiabank lifted their price target on shares of CGI from C$160.00 to C$170.00 in a research report on Friday, August 2nd. CIBC upgraded CGI from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from C$155.00 to C$178.00 in a research report on Tuesday, October 15th. Finally, National Bankshares lifted their target price on CGI from C$175.00 to C$185.00 in a research report on Thursday, August 1st. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, CGI currently has an average rating of “Buy” and a consensus target price of C$169.83.

CGI Stock Down 0.7 %

Shares of TSE:GIB.A opened at C$154.81 on Thursday. CGI has a 52-week low of C$132.06 and a 52-week high of C$160.75. The stock has a market cap of C$31.55 billion, a P/E ratio of 21.65, a PEG ratio of 2.24 and a beta of 0.86. The business has a fifty day moving average of C$155.19 and a two-hundred day moving average of C$146.79. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24.

CGI Dividend Announcement

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