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

CGI Inc (TSE:GIB.A) (NYSE:GIB) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Royal Bank of Canada raised their price objective on shares of CGI from C$155.00 to C$170.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Scotiabank raised their target price on shares of CGI from C$155.00 to C$165.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Stifel Nicolaus raised 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. Raymond James raised 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. Finally, 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. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$166.36.

CGI Stock Up 0.5 %

The firm has a market cap of C$29.71 billion, a P/E ratio of 20.80, a P/E/G ratio of 1.48 and a beta of 0.80. The business’s fifty day moving average price is C$152.51 and its two-hundred day moving average price is C$144.43. The company has a current ratio of 1.11, a quick ratio of 0.97 and a debt-to-equity ratio of 34.93.

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.