CGI (TSE:GIB.A) Stock Price Crosses Above Two Hundred Day Moving Average of $113.63

CGI Inc (TSE:GIB.A – Get Rating) (NYSE:GIB)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$113.63 and traded as high as C$126.28. CGI shares last traded at C$126.22, with a volume of 431,441 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GIB.A. TD Securities lifted their price target on shares of CGI from C$135.00 to C$145.00 and gave the company a “buy” rating in a report on Wednesday, December 21st. CIBC lifted their price target on shares of CGI from C$140.00 to C$146.00 and gave the company an “outperform” rating in a report on Thursday, February 2nd. Raymond James lifted their price target on shares of CGI from C$134.00 to C$138.00 and gave the company an “outperform” rating in a report on Thursday, February 2nd. BMO Capital Markets boosted their target price on shares of CGI from C$125.00 to C$133.00 in a report on Thursday, February 2nd. Finally, National Bankshares boosted their target price on shares of CGI from C$135.00 to C$140.00 and gave the company an “outperform” rating in a report on Thursday, February 2nd. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$138.44.

CGI Trading Up 2.7 %

The stock has a market cap of C$26.76 billion, a P/E ratio of 20.56, a PEG ratio of 1.66 and a beta of 0.86. The company has a current ratio of 1.08, a quick ratio of 0.97 and a debt-to-equity ratio of 49.21. The stock’s fifty day moving average price is C$120.70 and its 200 day moving average price is C$113.63.

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.