CGI (TSE:GIB.A) Share Price Crosses Below 200 Day Moving Average - What's Next?

CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB's stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$151.60 and traded as low as C$142.27. CGI shares last traded at C$142.60, with a volume of 365,885 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on GIB.A shares. Raymond James Financial lowered their target price on CGI from C$183.00 to C$178.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Scotiabank lowered their target price on CGI from C$185.00 to C$175.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Royal Bank Of Canada lowered their target price on CGI from C$192.00 to C$185.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, Canaccord Genuity Group lowered their target price on CGI from C$190.00 to C$180.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of C$175.85.

CGI Stock Down 0.7%

The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24. The company has a market cap of C$29.06 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 2.24 and a beta of 0.86. The stock has a fifty day moving average price of C$146.81 and a two-hundred day moving average price of C$151.60.

CGI Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 20th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Friday, May 16th.

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.

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