CGI (TSE:GIB.A) Stock Crosses Above 200-Day Moving Average of $104.44

Shares of CGI Inc (TSE:GIB.AGet Rating) (NYSE:GIB) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$104.44 and traded as high as C$112.15. CGI shares last traded at C$112.01, with a volume of 249,364 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GIB.A shares. BMO Capital Markets boosted their price target on CGI from C$120.00 to C$125.00 in a research report on Thursday, July 28th. Raymond James set a C$130.00 target price on CGI and gave the stock an “outperform” rating in a research report on Thursday, April 28th. Societe Generale upgraded CGI to a “buy” rating and set a C$119.00 target price on the stock in a research report on Friday, April 29th. Royal Bank of Canada boosted their target price on CGI from C$120.00 to C$130.00 and gave the stock an “outperform” rating in a research report on Thursday, July 28th. Finally, TD Securities boosted their target price on CGI from C$130.00 to C$135.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$127.44.

CGI Price Performance

The company has a 50 day moving average price of C$105.07 and a 200 day moving average price of C$104.44. The firm has a market cap of C$23.78 billion and a PE ratio of 18.83. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 55.23.

CGI Company Profile

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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.

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