CGI (TSE:GIB.A) Stock Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• CGI Inc's stock price fell below its 200-day moving average of C$140.82, trading at C$125.70 on the last report.
• Analysts from various firms have adjusted their target prices for CGI, with a consensus rating of "Buy" and an average price target of C$179.40.
• CGI recently announced a quarterly dividend of $0.15 per share, yielding 0.5% annually with a payout ratio of 5.96%.

CGI Inc (TSE:GIB.A - Get Free Report) NYSE: GIB's stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$140.82 and traded as low as C$125.44. CGI shares last traded at C$125.70, with a volume of 351,165 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GIB.A. Royal Bank Of Canada decreased their target price on shares of CGI from C$185.00 to C$175.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Desjardins decreased their target price on shares of CGI from C$173.00 to C$166.00 and set a "buy" rating on the stock in a report on Tuesday, July 29th. Finally, CIBC decreased their target price on shares of CGI from C$183.00 to C$180.00 in a report on Monday, July 21st. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, CGI currently has a consensus rating of "Buy" and a consensus price target of C$179.40.

CGI Stock Performance

The firm's fifty day moving average price is C$132.56 and its 200 day moving average price is C$140.82. 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 stock has a market capitalization of C$28.02 billion, a price-to-earnings ratio of 16.65, a price-to-earnings-growth ratio of 2.24 and a beta of 0.37.

CGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 19th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, August 15th. CGI's dividend payout ratio is currently 5.96%.

About CGI

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions.

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