CGI Inc (TSE:GIB.A) to Issue $0.15 Quarterly Dividend

CGI Inc (TSE:GIB.A) (NYSE:GIB) announced a quarterly dividend on Wednesday, November 20th,TickerTech Dividends reports. Stockholders of record on Friday, December 20th will be given a dividend of 0.15 per share on Friday, December 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Wednesday, November 20th.

CGI Stock Up 0.6 %

Shares of TSE:GIB.A opened at C$151.42 on Monday. CGI has a 1-year low of C$132.06 and a 1-year high of C$160.75. The stock has a market capitalization of C$30.86 billion, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. The company’s fifty day moving average is C$155.72 and its two-hundred day moving average is C$147.22.

Analyst Ratings Changes

GIB.A has been the topic of several analyst reports. CIBC upgraded CGI from a “neutral” rating to an “outperform” rating and increased their price target for the company from C$155.00 to C$178.00 in a report on Tuesday, October 15th. National Bankshares upped their price target on shares of CGI from C$175.00 to C$185.00 in a report on Thursday, August 1st. Royal Bank of Canada lifted their price objective on CGI from C$170.00 to C$178.00 in a research note on Thursday, November 7th. Stifel Nicolaus lifted their price target on CGI from C$170.00 to C$180.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Raymond James increased their price objective on CGI from C$171.00 to C$180.00 in a research report on Thursday, November 7th. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$169.83.

About CGI

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.