CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$146.11 and traded as high as C$149.91. CGI shares last traded at C$148.93, with a volume of 157,631 shares.
Analyst Upgrades and Downgrades
GIB.A has been the subject of a number of analyst reports. Canaccord Genuity Group reduced their price target on CGI from C$166.00 to C$160.00 and set a "buy" rating for the company in a report on Friday, April 26th. Sanford C. Bernstein increased their target price on CGI from C$127.00 to C$138.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Desjardins increased their target price on CGI from C$166.00 to C$172.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Jefferies Financial Group increased their target price on CGI from C$121.00 to C$132.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Finally, CIBC increased their target price on CGI from C$151.00 to C$155.00 and gave the company a "neutral" rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, CGI has a consensus rating of "Moderate Buy" and an average target price of C$165.25.
Check Out Our Latest Report on CGI
CGI Price Performance
The company has a debt-to-equity ratio of 34.26, a quick ratio of 0.97 and a current ratio of 1.17. The company has a 50-day simple moving average of C$143.17 and a 200-day simple moving average of C$146.09. The company has a market cap of C$30.64 billion, a price-to-earnings ratio of 21.25, a PEG ratio of 1.48 and a beta of 0.81.
CGI Company Profile
(
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.
Further Reading
Before you consider CGI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CGI wasn't on the list.
While CGI currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
