CGI Inc. (NYSE:GIB – Get Free Report) (TSE:GIB.A) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 1,680,000 shares, a growth of 12.8% from the December 15th total of 1,490,000 shares. Based on an average daily trading volume, of 148,200 shares, the short-interest ratio is presently 11.3 days. Currently, 0.8% of the company’s shares are sold short.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $178.00 price objective on shares of CGI in a research report on Monday, January 6th. CIBC upgraded shares of CGI from a “neutral” rating to an “outperformer” rating and increased their price objective for the company from $155.00 to $178.00 in a report on Tuesday, October 15th. StockNews.com raised shares of CGI from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Cibc World Mkts upgraded shares of CGI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $147.25.
View Our Latest Analysis on GIB
Institutional Inflows and Outflows
CGI Trading Down 0.3 %
Shares of CGI stock traded down $0.33 during trading hours on Friday, hitting $108.42. The company’s stock had a trading volume of 138,776 shares, compared to its average volume of 130,319. CGI has a 12 month low of $96.92 and a 12 month high of $118.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.36 and a quick ratio of 1.02. The company has a market capitalization of $24.71 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 2.31 and a beta of 0.95. The stock has a 50 day moving average of $110.48 and a 200 day moving average of $110.68.
CGI Dividend Announcement
The business also recently declared a — dividend, which was paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th were paid a $0.111 dividend. This represents a yield of 0.4%. The ex-dividend date was Wednesday, November 20th. CGI’s payout ratio is currently 8.55%.
CGI Company Profile
CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.
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