CGI (TSE:GIB.A) Share Price Passes Above 200 Day Moving Average of $104.44

CGI Inc (TSE:GIB.AGet Rating) (NYSE:GIB)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$104.44 and traded as high as C$112.15. CGI shares last traded at C$112.01, with a volume of 249,364 shares.

Analysts Set New Price Targets

GIB.A has been the subject of a number of research analyst reports. Raymond James set a C$130.00 price objective on CGI and gave the stock an “outperform” rating in a report on Thursday, April 28th. Royal Bank of Canada increased their price target on CGI from C$120.00 to C$130.00 and gave the company an “outperform” rating in a report on Thursday, July 28th. TD Securities raised their target price on CGI from C$130.00 to C$135.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. Societe Generale raised shares of CGI to a “buy” rating and set a C$119.00 price target on the stock in a research report on Friday, April 29th. Finally, BMO Capital Markets increased their price target on shares of CGI from C$120.00 to C$125.00 in a research report on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, CGI has an average rating of “Moderate Buy” and an average target price of C$127.44.

CGI Stock Up 1.4 %

The company has a debt-to-equity ratio of 55.23, a quick ratio of 0.87 and a current ratio of 1.12. The business’s 50 day simple moving average is C$105.07 and its 200-day simple moving average is C$104.44. The company has a market cap of C$23.78 billion and a price-to-earnings ratio of 18.83.

CGI Company Profile

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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.

Further Reading

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