CGI Inc. (NYSE:GIB) Receives $137.00 Average Price Target from Analysts

Shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) have been given a consensus rating of “Buy” by the six analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $147.25.

A number of equities analysts recently commented on GIB shares. StockNews.com upgraded CGI from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. Cibc World Mkts raised shares of CGI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $178.00 price target on shares of CGI in a research report on Monday. Finally, CIBC raised shares of CGI from a “neutral” rating to an “outperformer” rating and upped their price target for the stock from $155.00 to $178.00 in a research note on Tuesday, October 15th.

Institutional Investors Weigh In On CGI

A number of large investors have recently made changes to their positions in GIB. Wilmington Savings Fund Society FSB purchased a new position in shares of CGI during the third quarter valued at $28,000. Blue Trust Inc. raised its stake in shares of CGI by 288.2% in the 3rd quarter. Blue Trust Inc. now owns 788 shares of the technology company’s stock valued at $91,000 after acquiring an additional 585 shares in the last quarter. CWM LLC lifted its stake in shares of CGI by 14.8% in the third quarter. CWM LLC now owns 1,365 shares of the technology company’s stock worth $157,000 after buying an additional 176 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in CGI by 9.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company’s stock worth $205,000 after acquiring an additional 173 shares during the last quarter. Finally, Werba Rubin Papier Wealth Management acquired a new position in shares of CGI during the 3rd quarter worth about $208,000. Institutional investors and hedge funds own 66.68% of the company’s stock.

CGI Price Performance

GIB opened at $109.14 on Tuesday. CGI has a twelve month low of $96.92 and a twelve month high of $118.89. The firm has a market cap of $24.87 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 2.55 and a beta of 0.94. The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $111.17 and a 200 day simple moving average of $110.30.

CGI Dividend Announcement

The business also recently declared a — dividend, which was paid on Friday, December 20th. Investors of record on Wednesday, November 20th were paid a $0.111 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a yield of 0.4%. CGI’s dividend payout ratio is currently 8.18%.

About CGI

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.