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CGI (TSE:GIB.A) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

CGI logo with Computer and Technology background

CGI Inc (TSE:GIB.A - Get Free Report) 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$154.94 and traded as high as C$171.48. CGI shares last traded at C$170.21, with a volume of 255,193 shares.

Analyst Ratings Changes

Several equities research analysts have weighed in on GIB.A shares. CIBC upped their price target on CGI from C$178.00 to C$183.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Canaccord Genuity Group upped their price target on CGI from C$170.00 to C$175.00 in a report on Thursday, November 7th. Canaccord Genuity Group upped their price target on CGI from C$175.00 to C$190.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Stifel Nicolaus upped their price target on CGI from C$180.00 to C$185.00 in a report on Thursday, January 30th. Finally, Raymond James upped their price target on CGI from C$180.00 to C$183.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Twelve equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of C$178.31.

Get Our Latest Stock Analysis on GIB.A

CGI Trading Down 0.2 %

The firm has a market cap of C$35.18 billion, a PE ratio of 24.14, a P/E/G ratio of 2.24 and a beta of 0.86. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The business has a fifty day moving average price of C$160.38 and a 200 day moving average price of C$155.51.

CGI Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 21st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.35%.

About CGI

(Get Free Report)

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.

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