CGI (TSE:GIB.A) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of CGI Inc (TSE:GIB.A) (NYSE:GIB) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$156.79 and traded as high as C$169.38. CGI shares last traded at C$168.55, with a volume of 429,714 shares traded.

Analyst Ratings Changes

Several research firms have recently weighed in on GIB.A. Canaccord Genuity Group lifted their target price on CGI from C$170.00 to C$175.00 in a research report on Thursday, November 7th. Stifel Nicolaus lifted their price objective on shares of CGI from C$180.00 to C$185.00 in a report on Thursday, January 30th. Royal Bank of Canada upped their target price on shares of CGI from C$178.00 to C$192.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Raymond James lifted their price target on shares of CGI from C$180.00 to C$183.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Scotiabank increased their price objective on CGI from C$170.00 to C$185.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Twelve equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$178.31.

CGI Stock Performance

The firm has a market cap of C$34.35 billion, a price-to-earnings ratio of 23.57, a P/E/G ratio of 2.24 and a beta of 0.86. 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 fifty day simple moving average of C$162.09 and a two-hundred day simple moving average of C$156.79.

CGI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 21st will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.36%. The ex-dividend date is Friday, February 14th.

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.