CGI (TSE:GIB.A) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

CGI Inc (TSE:GIB.A) (NYSE:GIB)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$147.11 and traded as high as C$151.83. CGI shares last traded at C$151.42, with a volume of 771,070 shares.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Canaccord Genuity Group raised their price target on shares of CGI from C$170.00 to C$175.00 in a research note on Thursday, November 7th. Sanford C. Bernstein raised their target price on CGI from C$127.00 to C$138.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada upped their price target on CGI from C$170.00 to C$178.00 in a research report on Thursday, November 7th. BMO Capital Markets lifted their price objective on CGI from C$160.00 to C$170.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Finally, Desjardins upped their target price on shares of CGI from C$166.00 to C$172.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat, CGI has a consensus rating of “Buy” and a consensus price target of C$169.83.

CGI Price Performance

The stock has a fifty day moving average of C$155.69 and a 200-day moving average of C$147.11. The firm has a market capitalization of C$30.86 billion, a P/E ratio of 21.18, a PEG ratio of 2.24 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 20th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date is Wednesday, November 20th.

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.