CGI (TSE:GIB.A) Stock Passes Above Two Hundred Day Moving Average of $136.92

CGI Inc (TSE:GIB.A) (NYSE:GIB)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$136.92 and traded as high as C$137.35. CGI shares last traded at C$136.97, with a volume of 319,446 shares traded.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GIB.A. National Bankshares upped their price target on CGI from C$160.00 to C$175.00 and gave the stock an “outperform” rating in a report on Monday, July 24th. Desjardins reduced their price objective on CGI from C$154.00 to C$152.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. Royal Bank of Canada set a C$155.00 price objective on CGI and gave the company an “outperform” rating in a research note on Tuesday, September 26th. Finally, Canaccord Genuity Group set a C$155.00 price objective on CGI and gave the company a “buy” rating in a research note on Thursday, July 27th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$155.18.

CGI Trading Up 1.8 %

The firm has a fifty day simple moving average of C$136.43 and a two-hundred day simple moving average of C$136.92. The stock has a market cap of C$28.62 billion, a PE ratio of 20.69, a PEG ratio of 1.48 and a beta of 0.82. The company has a current ratio of 1.15, a quick ratio of 0.97 and a debt-to-equity ratio of 45.86.

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.