CGI Inc (TSE:GIB.A – Get Free Report) (NYSE:GIB)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$145.96 and traded as high as C$155.89. CGI shares last traded at C$153.75, with a volume of 266,869 shares changing hands.
Analyst Upgrades and Downgrades
GIB.A has been the topic of several recent research reports. Sanford C. Bernstein upped their price objective on shares of CGI from C$127.00 to C$138.00 and gave the company a “buy” rating in a report on Thursday, August 1st. TD Securities increased their price target on shares of CGI from C$160.00 to C$180.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Jefferies Financial Group lifted their price target on shares of CGI from C$121.00 to C$132.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Desjardins upped their price objective on CGI from C$166.00 to C$172.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Raymond James raised their target price on CGI from C$167.00 to C$171.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, CGI has a consensus rating of “Moderate Buy” and an average target price of C$165.25.
Get Our Latest Report on GIB.A
CGI Trading Down 1.4 %
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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