CGI (TSE:GIB.A) Stock Crosses Below 200-Day Moving Average – Time to Sell?

CGI Inc (TSE:GIB.A) (NYSE:GIB) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$106.44 and traded as low as C$86.20. CGI shares last traded at C$86.79, with a volume of 653,382 shares trading hands.

Analyst Upgrades and Downgrades

GIB.A has been the topic of several research reports. BMO Capital Markets lowered their price objective on shares of CGI from C$137.00 to C$122.00 and set an “outperform” rating on the stock in a research report on Monday, April 27th. Scotiabank cut their target price on shares of CGI from C$140.00 to C$120.00 and set a “sector perform” rating for the company in a research report on Friday, April 24th. National Bank Financial set a C$135.00 target price on CGI and gave the company an “outperform” rating in a research note on Friday, June 12th. Scotia lowered their price target on CGI from C$120.00 to C$110.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 30th. Finally, Desjardins set a C$149.00 price target on CGI and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, CGI presently has a consensus rating of “Moderate Buy” and a consensus target price of C$126.31.

CGI Stock Down 3.2%

The stock’s fifty day moving average is C$94.12 and its 200 day moving average is C$106.44. 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 company has a market capitalization of C$18.18 billion, a P/E ratio of 11.33, a price-to-earnings-growth ratio of 2.24 and a beta of 0.09.

CGI (TSE:GIB.A) (NYSE:GIB) last released its quarterly earnings data on Wednesday, April 29th. The company reported C$2.27 earnings per share for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%.The business had revenue of C$4.16 billion during the quarter. Research analysts predict that CGI Inc will post 8.3679245 EPS for the current fiscal year.

CGI Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 19th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.8%. CGI’s dividend payout ratio is currently 6.14%.

CGI Company Profile

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. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.