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

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) crossed 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.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GIB.A. Royal Bank of Canada raised their target price on shares of CGI from C$155.00 to C$170.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. BMO Capital Markets lifted their price objective on shares of CGI from C$155.00 to C$170.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. CIBC lifted 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 report on Thursday, February 1st. TD Securities lowered shares of CGI from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$170.00 to C$165.00 in a research report on Friday, March 22nd. Finally, Stifel Nicolaus lifted their price objective on shares of CGI from C$160.00 to C$170.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. One 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 Performance

The stock’s 50 day moving average price is C$151.64 and its 200 day moving average price is C$144.76. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 34.93. The company has a market cap of C$29.68 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.48 and a beta of 0.80.

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.