Raymond James Issues Positive Forecast for CGI (TSE:GIB.A) Stock Price

CGI (TSE:GIB.A) (NYSE:GIB) had its price objective raised by Raymond James from C$171.00 to C$180.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

A number of other analysts also recently issued reports on the company. CIBC raised CGI from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from C$155.00 to C$178.00 in a research note on Tuesday, October 15th. Desjardins boosted their target price on CGI from C$166.00 to C$172.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Jefferies Financial Group boosted their target price on CGI from C$121.00 to C$132.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Canaccord Genuity Group boosted their target price on CGI from C$170.00 to C$175.00 in a research report on Thursday. Finally, TD Securities boosted their price objective on CGI from C$160.00 to C$180.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, CGI presently has a consensus rating of “Buy” and an average target price of C$169.83.

CGI Stock Up 0.0 %

CGI stock traded up C$0.07 during trading hours on Thursday, hitting C$155.92. The stock 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. The stock has a market capitalization of C$31.77 billion, a P/E ratio of 21.82, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. CGI has a 12-month low of C$132.06 and a 12-month high of C$160.75. The stock’s 50-day moving average price is C$154.96 and its 200-day moving average price is C$146.64.

CGI Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 20th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, November 20th. This represents a dividend yield of 0.1%.

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.