CGI Inc (TSE:GIB.A) Announces $0.15 Quarterly Dividend

CGI Inc (TSE:GIB.A) (NYSE:GIB) announced a quarterly dividend on Wednesday, November 20th,TickerTech Dividends reports. Stockholders of record on Friday, December 20th will be paid a dividend of 0.15 per share on Friday, December 20th. This represents a $0.60 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Wednesday, November 20th.

CGI Stock Up 0.6 %

CGI stock opened at C$151.42 on Monday. 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$30.86 billion, a P/E ratio of 21.18, a P/E/G ratio of 2.24 and a beta of 0.86. The firm has a 50 day moving average price of C$155.72 and a 200-day moving average price of C$147.22. CGI has a twelve month low of C$132.06 and a twelve month high of C$160.75.

Analysts Set New Price Targets

A number of brokerages have recently commented on GIB.A. Raymond James upped their price target on CGI from C$171.00 to C$180.00 in a research report on Thursday, November 7th. Sanford C. Bernstein raised their price objective on shares of CGI from C$127.00 to C$138.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Scotiabank lifted their price objective on shares of CGI from C$160.00 to C$170.00 in a research note on Friday, August 2nd. BMO Capital Markets increased their target price on CGI from C$160.00 to C$170.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Jefferies Financial Group raised their price target on CGI from C$121.00 to C$132.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$169.83.

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.