Cap Gemini (OTCMKTS:CGEMY) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Cap Gemini SA (OTCMKTS:CGEMYGet Free Report)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $30.02 and traded as low as $24.53. Cap Gemini shares last traded at $25.25, with a volume of 275,708 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Zacks Research raised shares of Cap Gemini from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Citigroup reissued a “buy” rating on shares of Cap Gemini in a research note on Tuesday, February 17th. Morgan Stanley lowered shares of Cap Gemini from an “equal weight” rating to an “underweight” rating in a research report on Monday, January 12th. Finally, Berenberg Bank upgraded shares of Cap Gemini to a “hold” rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

View Our Latest Stock Report on Cap Gemini

Cap Gemini Trading Up 2.5%

The stock’s fifty day simple moving average is $30.12 and its two-hundred day simple moving average is $30.02.

About Cap Gemini

(Get Free Report)

Cap Gemini (OTCMKTS: CGEMY), commonly known as Capgemini, is a global professional services and consulting firm that provides technology-led business transformation services. The company’s core activities include management and IT consulting, systems integration, application development and maintenance, cloud migration and managed services. Capgemini delivers solutions across the digital value chain, combining strategy, design, engineering and operations to help clients modernize legacy systems, implement cloud platforms, deploy data and AI capabilities, and secure IT environments.

Founded in 1967 by Serge Kampf and headquartered in Paris, Capgemini has grown through organic expansion and strategic acquisitions to broaden its capabilities and geographic footprint.

Further Reading

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