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

Shares of CGI Inc. (NYSE:GIB) (TSE:GIB.A) have received a consensus rating of “Buy” from the five analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $137.00.

A number of brokerages recently weighed in on GIB. Cibc World Mkts upgraded shares of CGI from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 15th. StockNews.com raised CGI from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Finally, CIBC raised CGI from a “neutral” rating to an “outperformer” rating and increased their price objective for the stock from $155.00 to $178.00 in a research report on Tuesday, October 15th.

Institutional Trading of CGI

Several hedge funds have recently modified their holdings of GIB. Wilmington Savings Fund Society FSB purchased a new position in CGI in the third quarter worth $28,000. Blue Trust Inc. increased its holdings 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 purchasing 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 valued at $157,000 after purchasing an additional 176 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in CGI by 9.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,055 shares of the technology company’s stock worth $205,000 after buying an additional 173 shares in the last quarter. Finally, Werba Rubin Papier Wealth Management acquired a new stake in shares of CGI during the 3rd quarter valued at approximately $208,000. 66.68% of the stock is owned by institutional investors and hedge funds.

CGI Trading Up 0.4 %

GIB opened at $114.17 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.36 and a debt-to-equity ratio of 0.29. The firm has a market cap of $26.02 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 2.55 and a beta of 0.94. The business’s 50 day moving average is $112.98 and its two-hundred day moving average is $108.93. CGI has a 52 week low of $96.92 and a 52 week high of $118.89.

CGI Announces Dividend

The firm also recently announced a — dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.111 per share. This represents a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, November 20th. CGI’s payout ratio is 8.18%.

CGI Company Profile

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.