CGI (TSE:GIB.A) Stock Passes Above Two Hundred Day Moving Average of $144.36

CGI Inc (TSE:GIB.A) (NYSE:GIB) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$144.36 and traded as high as C$144.36. CGI shares last traded at C$141.92, with a volume of 283,501 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on GIB.A shares. Scotiabank raised their price objective on CGI from C$155.00 to C$165.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Royal Bank of Canada raised their price objective on CGI from C$155.00 to C$170.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. CIBC raised their price objective on CGI from C$155.00 to C$169.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. TD Securities downgraded CGI from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$170.00 to C$165.00 in a research note on Friday, March 22nd. Finally, Canaccord Genuity Group raised their price objective on CGI from C$152.00 to C$166.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, CGI currently has a consensus rating of “Moderate Buy” and an average price target of C$166.36.

CGI Stock Down 1.4 %

The company has a market cap of C$29.29 billion, a PE ratio of 20.51, a P/E/G ratio of 1.48 and a beta of 0.80. The company has a debt-to-equity ratio of 34.93, a current ratio of 1.11 and a quick ratio of 0.97. The firm has a 50-day simple moving average of C$152.65 and a two-hundred day simple moving average of C$144.36.

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.