Desjardins Forecasts Strong Price Appreciation for CGI (TSE:GIB.A) Stock

CGI (TSE:GIB.A) (NYSE:GIB) had its target price hoisted by Desjardins from C$178.00 to C$190.00 in a research report report published on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently weighed in on GIB.A. BMO Capital Markets lifted their price target on shares of CGI from C$177.00 to C$190.00 and gave the stock an “outperform” rating in a research report on Thursday. CIBC lifted their price target on shares of CGI from C$178.00 to C$183.00 and gave the stock an “outperform” rating in a research report on Thursday. Canaccord Genuity Group lifted their price target on shares of CGI from C$175.00 to C$190.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank of Canada lifted their price target on shares of CGI from C$178.00 to C$192.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Raymond James boosted their price objective 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. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$178.31.

CGI Trading Up 4.2 %

Shares of TSE GIB.A opened at C$172.46 on Thursday. The company’s fifty day moving average is C$157.88 and its 200-day moving average is C$153.67. The stock has a market cap of C$35.15 billion, a price-to-earnings ratio of 24.12, a P/E/G ratio of 2.24 and a beta of 0.86. CGI has a twelve month low of C$132.06 and a twelve month high of C$175.35. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $0.60 annualized dividend and a yield of 0.35%.

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.