CGI (TSE:GIB.A) Price Target Raised to C$185.00 at Scotiabank

CGI (TSE:GIB.A) (NYSE:GIB) had its price target boosted by Scotiabank from C$170.00 to C$185.00 in a research note issued to investors on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also recently commented on GIB.A. Raymond James raised their target price 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. CIBC lifted their target price on shares of CGI from C$178.00 to C$183.00 and gave the company an “outperform” rating in a research note on Thursday. Canaccord Genuity Group upped their target price on shares of CGI from C$170.00 to C$175.00 in a report on Thursday, November 7th. Stifel Nicolaus raised their price target on CGI from C$180.00 to C$185.00 in a report on Thursday. Finally, Canaccord Genuity Group upped their price objective on CGI from C$175.00 to C$190.00 and gave the stock a “buy” rating in a research note on Thursday. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$178.31.

CGI Stock Up 4.2 %

TSE GIB.A 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 quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24. The company has a market capitalization of C$35.15 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The stock’s 50-day moving average price is C$157.88 and its 200-day moving average price is C$153.67.

CGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were given a dividend of $0.15 per share. 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.