CGI (TSE:GIB.A) Stock Passes Above 200 Day Moving Average of $145.90

CGI Inc (TSE:GIB.A) (NYSE:GIB) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$145.90 and traded as high as C$155.02. CGI shares last traded at C$155.02, with a volume of 289,995 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have commented on GIB.A. TD Securities increased their price target on shares of CGI from C$160.00 to C$180.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada lifted their price target on CGI from C$163.00 to C$170.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. BMO Capital Markets boosted their price target on CGI from C$160.00 to C$170.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Desjardins raised their price objective on CGI from C$166.00 to C$172.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Scotiabank boosted their target price on CGI from C$160.00 to C$170.00 in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, CGI has an average rating of “Moderate Buy” and an average price target of C$165.25.

CGI Stock Performance

The company has a fifty day moving average of C$148.01 and a two-hundred day moving average of C$145.96. The firm has a market capitalization of C$31.85 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 1.48 and a beta of 0.86. The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16.

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.