CGI (TSE:GIB.A) Shares Pass Above Two Hundred Day Moving Average of $145.96

CGI Inc (TSE:GIB.A) (NYSE:GIB)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$145.96 and traded as high as C$155.89. CGI shares last traded at C$153.75, with a volume of 266,869 shares.

Analyst Ratings Changes

GIB.A has been the subject of a number of analyst reports. Royal Bank of Canada upped their price objective on shares of CGI from C$163.00 to C$170.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Scotiabank upped their price objective on shares of CGI from C$160.00 to C$170.00 in a report on Friday, August 2nd. Jefferies Financial Group upped their price objective on shares of CGI from C$121.00 to C$132.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Stifel Nicolaus upped their price objective on shares of CGI from C$170.00 to C$180.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, CIBC upped their price objective on shares of CGI from C$151.00 to C$155.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$165.25.

CGI Trading Down 0.9 %

The company’s fifty day moving average is C$149.36 and its two-hundred day moving average is C$145.94. The stock has a market cap of C$31.17 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 1.48 and a beta of 0.86. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24.

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.