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

CGI Inc (TSE:GIB.A) (NYSE:GIB) crossed 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.

Analysts Set New Price Targets

GIB.A has been the subject of several recent research reports. Stifel Nicolaus lifted their price target on CGI from C$170.00 to C$180.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Jefferies Financial Group lifted their target price 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. Sanford C. Bernstein increased their price target on shares of CGI from C$127.00 to C$138.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. TD Securities lifted their price objective 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. Finally, Scotiabank increased their target price on shares of CGI from C$160.00 to C$170.00 in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$165.25.

CGI Stock Performance

The firm has a fifty day moving average of C$150.54 and a 200 day moving average of C$145.77. The stock has a market cap of C$31.47 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 1.48 and a beta of 0.86. The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97.

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.