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

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

Several equities research analysts recently issued reports on the stock. Sanford C. Bernstein lifted their price objective on shares of CGI from C$127.00 to C$138.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. BMO Capital Markets boosted their price target on CGI from C$160.00 to C$170.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Stifel Nicolaus increased their price objective on CGI from C$170.00 to C$180.00 and gave the company a “buy” rating in a report on Thursday, August 1st. National Bankshares boosted their target price on CGI from C$175.00 to C$185.00 in a report on Thursday, August 1st. Finally, Raymond James upped their target price on CGI from C$171.00 to C$180.00 in a research report on Thursday, November 7th. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$169.83.

CGI Trading Up 0.6 %

The company has a debt-to-equity ratio of 34.24, a quick ratio of 0.97 and a current ratio of 1.16. The company’s 50 day moving average is C$155.69 and its 200 day moving average is C$147.11. The stock has a market capitalization of C$30.86 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 2.24 and a beta of 0.86.

CGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 20th will be given a dividend of $0.15 per share. 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.