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CGI (TSE:GIB.A) Stock Passes Below Two Hundred Day Moving Average - Here's What Happened

CGI logo with Computer and Technology background

Shares of CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$153.82 and traded as low as C$147.00. CGI shares last traded at C$149.43, with a volume of 364,830 shares traded.

Analyst Upgrades and Downgrades

GIB.A has been the topic of several recent research reports. BMO Capital Markets upped their target price on shares of CGI from C$177.00 to C$190.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Stifel Nicolaus upped their price objective on CGI from C$180.00 to C$185.00 in a research report on Thursday, January 30th. TD Securities upped their price objective on CGI from C$180.00 to C$190.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. CIBC increased their price target on CGI from C$178.00 to C$183.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Finally, Canaccord Genuity Group decreased their price target on CGI from C$190.00 to C$180.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of C$175.85.

Check Out Our Latest Research Report on CGI

CGI Trading Down 0.9%

The company has a debt-to-equity ratio of 34.24, a current ratio of 1.16 and a quick ratio of 0.97. The firm has a market capitalization of C$30.01 billion, a PE ratio of 20.60, a P/E/G ratio of 2.24 and a beta of 0.86. The company's fifty day simple moving average is C$145.35 and its 200-day simple moving average is C$153.72.

CGI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 20th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Friday, May 16th.

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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