CGI (GIB) Stock Forecast & Price Target

$111.60 -0.37 (-0.33%)

(As of 11/22/2024 ET)

CGI - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 5 Analyst Ratings

Sell
0

Hold
1

Buy
4

Based on 5 Wall Street analysts who have issued ratings for CGI in the last 12 months, the stock has a consensus rating of "Buy." Out of the 5 analysts, 1 has given a hold rating, 2 have given a buy rating, and 2 have given a strong buy rating for GIB.

Consensus Price Target

$137.00
22.76% Upside

According to the 5 analysts' twelve-month price targets for CGI, the average price target is $137.00. The highest price target for GIB is $178.00, while the lowest price target for GIB is $112.00. The average price target represents a forecasted upside of 22.76% from the current price of $111.60.

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GIB Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	N/A
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	N/A
Hold	1 Hold rating(s)	1 Hold rating(s)	2 Hold rating(s)	N/A
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	N/A
Consensus Price Target	$137.00	$137.00	$132.67	N/A
Forecasted Upside	22.76% Upside	21.05% Upside	20.96% Upside	N/A
Consensus Rating	Buy	Buy	Moderate Buy	N/A

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GIB Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

GIB Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

CGI Stock vs. The Competition

Type	CGI	Computer and Technology Companies	S&P 500
Consensus Rating Score	3.20	2.68	2.50
Consensus Rating	Buy	Moderate Buy	Moderate Buy
Predicted Upside	22.76% Upside	532.55% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent GIB News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/15/2024	Cibc World Mkts 0 of 5 stars	S. Price Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
10/15/2024	CIBC 3 of 5 stars		Upgrade	Neutral ➝ Outperformer	$155.00 ➝ $178.00	+53.95%
8/1/2024	Sanford C. Bernstein 3 of 5 stars	D. Marcon Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/19/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Mcveigh Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$112.00	+5.19%
7/16/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$120.00 ➝ $121.00	+13.55%
5/2/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
2/2/2023	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Dubreuil Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$136.00 ➝ C$140.00
2/2/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$125.00 ➝ C$133.00
2/2/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$134.00 ➝ C$138.00
2/2/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$125.00 ➝ C$140.00
2/2/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$135.00 ➝ C$140.00
2/2/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$130.00 ➝ C$145.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 11:26 PM ET.

Should I Buy CGI Stock? GIB Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 20, 2024. Please send any questions or comments about these CGI pros and cons to contact@marketbeat.com.

CGI
Bull Case

Here are some ways that investors could benefit from investing in CGI Inc.:

CGI Inc. has a strong market capitalization of approximately $26.34 billion, indicating a solid position in the market and potential for growth.
The stock is currently trading at $114.14, which is close to its 12-month high of $118.89, suggesting strong investor interest and potential for further appreciation.
Recent upgrades from analysts, including a "strong-buy" rating from Cibc World Mkts, reflect positive sentiment and confidence in CGI Inc.'s future performance.
66.68% of CGI Inc.'s stock is owned by institutional investors, which often indicates a level of trust and confidence in the company's management and strategy.
The company has a relatively low debt-to-equity ratio of 0.22, suggesting that it is not heavily reliant on debt for financing, which can be a sign of financial stability.

CGI
Bear Case

Investors should be bearish about investing in CGI Inc. for these reasons:

The price-to-earnings (P/E) ratio of 21.99 may indicate that the stock is overvalued compared to its earnings, which could lead to a price correction.
Despite recent upgrades, some analysts still maintain a "hold" rating, suggesting that there may be uncertainty about the stock's short-term performance.
The company's quick ratio of 0.86 indicates that it may struggle to meet its short-term liabilities, which could pose a risk in times of financial stress.
CGI Inc. has a PEG ratio of 2.41, which is relatively high, indicating that the stock may be expensive relative to its expected earnings growth.
Recent trading volumes have been below average, which could suggest a lack of investor interest or confidence in the stock's immediate prospects.

GIB Forecast - Frequently Asked Questions

: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for CGI is $137.00, with a high forecast of $178.00 and a low forecast of $112.00.
: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CGI in the last twelve months. There is currently 1 hold rating, 2 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GIB shares.
: According to analysts, CGI's stock has a predicted upside of 22.76% based on their 12-month stock forecasts.
: Over the previous 90 days, CGI's stock had 2 upgrades by analysts.
: CGI has been rated by research analysts at CIBC, and Cibc World Mkts in the past 90 days.
: Analysts like CGI more than other "computer and technology" companies. The consensus rating for CGI is Buy while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how GIB compares to other companies.

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This page (NYSE:GIB) was last updated on 11/24/2024 by MarketBeat.com Staff

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CGI (GIB) Stock Forecast & Price Target