CGI (TSE:GIB.A) Price Target Raised to C$175.00 at Canaccord Genuity Group

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective boosted by Canaccord Genuity Group from C$170.00 to C$175.00 in a report published on Thursday morning,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the stock. Scotiabank lifted their target price on shares of CGI from C$160.00 to C$170.00 in a research note on Friday, August 2nd. Sanford C. Bernstein lifted their price target on CGI from C$127.00 to C$138.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Jefferies Financial Group lifted their price objective on CGI from C$121.00 to C$132.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Raymond James boosted their target price on CGI from C$167.00 to C$171.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, National Bankshares boosted their price target 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, the stock presently has a consensus rating of “Buy” and a consensus target price of C$169.83.

CGI Trading Up 0.0 %

GIB.A stock traded up C$0.07 during trading on Thursday, hitting C$155.92. The company had a trading volume of 38,715 shares, compared to its average volume of 328,291. 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 has a 52-week low of C$132.06 and a 52-week high of C$160.75. The company has a 50 day simple moving average of C$154.96 and a 200-day simple moving average of C$146.64. The firm has a market capitalization of C$31.77 billion, a P/E ratio of 21.82, a PEG ratio of 2.24 and a beta of 0.86.

CGI Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 20th will be paid a $0.15 dividend. 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.