CGI (TSE:GIB.A) Share Price Passes Above 200 Day Moving Average of $145.85

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$145.85 and traded as high as C$157.20. CGI shares last traded at C$154.40, with a volume of 190,781 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Desjardins upped their price objective on CGI from C$166.00 to C$172.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. BMO Capital Markets increased their price target on CGI from C$160.00 to C$170.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. National Bankshares lifted their price objective on CGI from C$175.00 to C$185.00 in a research note on Thursday, August 1st. Royal Bank of Canada upped their target price on shares of CGI from C$163.00 to C$170.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, TD Securities raised their target price on shares of CGI from C$160.00 to C$180.00 and gave the company a “buy” 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$165.25.

CGI Price Performance

The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. The company’s 50 day simple moving average is C$150.54 and its 200 day simple moving average is C$145.77. The company has a market capitalization of C$31.47 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86.

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.