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

CGI Inc (TSE:GIB.A) (NYSE:GIB) shares crossed 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 traded.

Analyst Ratings Changes

Several research analysts recently commented on GIB.A shares. Stifel Nicolaus increased their target price on shares of CGI from C$160.00 to C$170.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. TD Securities cut shares of CGI from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$170.00 to C$165.00 in a report on Friday, March 22nd. Raymond James increased their target price on shares of CGI from C$150.00 to C$167.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Canaccord Genuity Group increased their target price on shares of CGI from C$152.00 to C$166.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, Desjardins increased their target price on shares of CGI from C$154.00 to C$163.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, CGI has a consensus rating of “Moderate Buy” and a consensus price target of C$166.36.

CGI Trading Up 0.5 %

The stock has a market cap of C$29.71 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 1.48 and a beta of 0.80. The company has a quick ratio of 0.97, a current ratio of 1.11 and a debt-to-equity ratio of 34.93. The business’s 50 day simple moving average is C$152.51 and its 200 day simple moving average is C$144.43.

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.