CGI (TSE:GIB.A) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

CGI Inc (TSE:GIB.A) (NYSE:GIB) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$152.45 and traded as high as C$159.16. CGI shares last traded at C$158.58, with a volume of 516,032 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GIB.A. Royal Bank of Canada raised their price objective on CGI from C$170.00 to C$178.00 in a research report on Thursday, November 7th. Canaccord Genuity Group boosted their price target on shares of CGI from C$170.00 to C$175.00 in a research report on Thursday, November 7th. CIBC raised shares of CGI from a “neutral” rating to an “outperform” rating and upped their price objective for the company from C$155.00 to C$178.00 in a research note on Tuesday, October 15th. Finally, Raymond James lifted their target price on shares of CGI from C$171.00 to C$180.00 in a research note on Thursday, November 7th. Eleven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$169.83.

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 business’s fifty day simple moving average is C$156.87 and its 200 day simple moving average is C$152.45. The firm has a market capitalization of C$32.32 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 2.24 and a beta of 0.86.

CGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 20th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $0.60 dividend on an annualized basis and a yield of 0.38%.

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.