CGI (TSE:GIB.A) Stock Crosses Below 200-Day Moving Average – Time to Sell?

CGI Inc (TSE:GIB.A) (NYSE:GIB) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$104.92 and traded as low as C$89.49. CGI shares last traded at C$91.67, with a volume of 678,164 shares.

Analyst Ratings Changes

A number of analysts have commented on GIB.A shares. Raymond James Financial reduced their target price on shares of CGI from C$168.00 to C$130.00 and set an “outperform” rating for the company in a report on Thursday, April 30th. Scotia reduced their price objective on CGI from C$120.00 to C$110.00 and set a “sector perform” rating for the company in a research note on Thursday, April 30th. Stifel Nicolaus decreased their target price on CGI from C$160.00 to C$128.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Royal Bank Of Canada downgraded CGI from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$150.00 to C$100.00 in a research report on Thursday, April 30th. Finally, Desjardins set a C$149.00 price target on CGI and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, CGI presently has a consensus rating of “Moderate Buy” and a consensus price target of C$126.31.

CGI Trading Up 2.7%

The stock’s 50-day simple moving average is C$92.48 and its two-hundred day simple moving average is C$104.69. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. The firm has a market capitalization of C$19.71 billion, a P/E ratio of 12.29, a price-to-earnings-growth ratio of 2.24 and a beta of 0.09.

CGI (TSE:GIB.A) (NYSE:GIB) last announced its quarterly earnings data on Wednesday, April 29th. The company reported C$2.27 EPS for the quarter. The firm had revenue of C$4.16 billion for the quarter. CGI had a net margin of 11.51% and a return on equity of 19.51%. Equities research analysts expect that CGI Inc will post 8.3679245 EPS for the current year.

CGI Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 19th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, May 15th. CGI’s payout ratio is presently 6.14%.

CGI Company Profile

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.