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

CGI (TSE:GIB.A) (NYSE:GIB) had its price target boosted by TD Securities from C$180.00 to C$190.00 in a research note released on Thursday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other research firms also recently issued reports on GIB.A. CIBC raised their price objective on shares of CGI from C$178.00 to C$183.00 and gave the stock an “outperform” rating in a report on Thursday. BMO Capital Markets raised their price objective on shares of CGI from C$177.00 to C$190.00 and gave the stock an “outperform” rating in a report on Thursday. Stifel Nicolaus raised their price objective on shares of CGI from C$180.00 to C$185.00 in a report on Thursday. Raymond James raised their price objective on shares of CGI from C$180.00 to C$183.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Canaccord Genuity Group raised their price objective on shares of CGI from C$175.00 to C$190.00 and gave the stock a “buy” rating in a report on Thursday. Twelve equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of C$178.31.

CGI Stock Up 4.2 %

GIB.A opened at C$172.46 on Thursday. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. The company’s 50-day moving average is C$157.88 and its 200 day moving average is C$153.67. CGI has a fifty-two week low of C$132.06 and a fifty-two week high of C$175.35. The firm has a market capitalization of C$35.15 billion, a P/E ratio of 24.12, a PEG ratio of 2.24 and a beta of 0.86.

CGI Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 20th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $0.60 annualized dividend and a dividend 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.