CGI (TSE:GIB.A) Share Price Passes Above 200 Day Moving Average of $144.76

CGI Inc (TSE:GIB.A) (NYSE:GIB)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$144.76 and traded as high as C$145.55. CGI shares last traded at C$143.85, with a volume of 303,424 shares traded.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GIB.A. Stifel Nicolaus increased their price target on shares of CGI from C$160.00 to C$170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Desjardins raised their price objective on shares of CGI from C$154.00 to C$163.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. TD Securities lowered shares of CGI from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$170.00 to C$165.00 in a research note on Friday, March 22nd. CIBC raised their price objective on shares of CGI from C$155.00 to C$169.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, BMO Capital Markets lifted their price target on shares of CGI from C$155.00 to C$170.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CGI currently has a consensus rating of “Moderate Buy” and an average price target of C$166.36.

CGI Stock Down 0.9 %

The firm has a market capitalization of C$29.68 billion, a P/E ratio of 20.79, a PEG ratio of 1.48 and a beta of 0.80. The company has a debt-to-equity ratio of 34.93, a quick ratio of 0.97 and a current ratio of 1.11. The business’s fifty day moving average price is C$151.64 and its two-hundred day moving average price is C$144.76.

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.