CGI Inc to Issue Quarterly Dividend of $0.15 (TSE:GIB.A)

CGI Inc (TSE:GIB.A) (NYSE:GIB) announced a quarterly dividend on Friday, February 14th,TickerTech Dividends reports. Stockholders of record on Friday, March 21st will be paid a dividend of 0.15 per share on Friday, March 21st. This represents a $0.60 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend is Friday, February 14th.

CGI Stock Down 0.4 %

Shares of CGI stock traded down C$0.75 during trading on Wednesday, reaching C$171.88. The stock had a trading volume of 33,895 shares, compared to its average volume of 329,499. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The company has a market capitalization of C$35.03 billion, a price-to-earnings ratio of 24.04, a P/E/G ratio of 2.24 and a beta of 0.86. The stock has a fifty day moving average price of C$160.66 and a two-hundred day moving average price of C$155.72. CGI has a 52 week low of C$132.06 and a 52 week high of C$175.35.

Analysts Set New Price Targets

GIB.A has been the topic of several research reports. BMO Capital Markets boosted their target price on CGI from C$177.00 to C$190.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. TD Securities boosted their price objective on shares of CGI from C$180.00 to C$190.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Raymond James raised their target price on shares of CGI from C$180.00 to C$183.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Canaccord Genuity Group lifted their price target on shares of CGI from C$175.00 to C$190.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Desjardins increased their price objective on shares of CGI from C$178.00 to C$190.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$178.31.

CGI Company Profile

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.