CGI (TSE:GIB.A) Share Price Passes Below 200 Day Moving Average - Should You Sell?

CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$154.15 and traded as low as C$149.33. CGI shares last traded at C$151.33, with a volume of 290,849 shares trading hands.

Analysts Set New Price Targets

GIB.A has been the topic of a number of research reports. Canaccord Genuity Group dropped their price target on CGI from C$190.00 to C$180.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. CIBC upped their price target on CGI from C$178.00 to C$183.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. TD Securities lifted their price objective on shares of CGI from C$180.00 to C$190.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Royal Bank of Canada dropped their price objective on shares of CGI from C$192.00 to C$185.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 22nd. Finally, BMO Capital Markets raised their target price on shares of CGI from C$177.00 to C$190.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of C$175.85.

CGI Stock Performance

The firm has a fifty day moving average of C$144.87 and a 200-day moving average of C$154.15. 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 stock has a market capitalization of C$30.84 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 2.24 and a beta of 0.86.

CGI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 20th will be given 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 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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