CGI (GIB.A) Stock Forecast & Price Target

C$156.09 -0.27 (-0.17%)

(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 11 Analyst Ratings

Sell
0

Hold
0

Buy
11

Based on 11 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 11 analysts, 11 have given a buy rating for GIB.A.

Consensus Price Target

C$169.83
8.80% Upside

According to the 11 analysts' twelve-month price targets for CGI, the average price target is C$169.83. The highest price target for GIB.A is C$185.00, while the lowest price target for GIB.A is C$132.00. The average price target represents a forecasted upside of 8.80% from the current price of C$156.09.

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GIB.A Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	10 Buy rating(s)	8 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$169.83	C$167.17	C$165.25	C$154.18
Forecasted Upside	8.80% Upside	5.41% Upside	11.77% Upside	11.93% Upside
Consensus Rating	Buy	Buy	Moderate Buy	Buy

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GIB.A 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.A 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
Consensus Rating Score	3.00	2.67
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Positive News See Recent GIB.A 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	Action	Rating	Price Target	Upside/Downside on Report Date
11/7/2024	Raymond James 4 of 5 stars	Boost Target		C$171.00 ➝ C$180.00	+15.60%
11/7/2024	Canaccord Genuity Group 4 of 5 stars	Boost Target		C$170.00 ➝ C$175.00	+12.39%
11/7/2024	Royal Bank of Canada 4 of 5 stars	Boost Target		C$170.00 ➝ C$178.00	+14.32%
10/15/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	C$155.00 ➝ C$178.00	+11.77%
8/2/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$160.00 ➝ C$170.00	+12.90%
8/1/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	C$166.00 ➝ C$172.00	+10.28%
Get the Latest News and Ratings for GIB.A and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for CGI and its competitors with MarketBeat's FREE daily newsletter.
8/1/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	C$160.00 ➝ C$180.00	+15.41%
8/1/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	C$170.00 ➝ C$180.00	+15.41%
8/1/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	C$127.00 ➝ C$138.00	-11.52%
8/1/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	C$121.00 ➝ C$132.00	-15.36%
8/1/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$175.00 ➝ C$185.00	+18.62%
7/29/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$160.00 ➝ C$170.00	+13.85%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:09 AM ET.

Should I Buy CGI Stock? GIB.A 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 received a recent price target increase from Canaccord Genuity Group, raising it from C$170.00 to C$175.00, indicating positive analyst sentiment and potential for stock appreciation.
The average price target among analysts is C$169.83, suggesting that the stock has room for growth based on current market evaluations.
With a current stock price of C$155.71, there is a potential upside of approximately 12.39% based on the latest price target, making it an attractive investment opportunity.
CGI Inc has consistently been rated as a "Buy" by eleven research analysts, reflecting strong confidence in the company's future performance.
The company has a solid market capitalization of C$31.73 billion, which indicates stability and the ability to invest in growth opportunities.

CGI
Bear Case

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

Despite the positive outlook, CGI Inc's stock has recently experienced a decline of 0.8%, which may indicate short-term volatility and investor uncertainty.
The company's debt-to-equity ratio stands at 34.24, which could raise concerns about financial leverage and the potential risks associated with high debt levels.
CGI Inc's stock has a P/E ratio of 21.78, which may be considered high compared to industry averages, suggesting that the stock could be overvalued.
The stock's performance has been relatively stagnant, with a 52-week high of C$160.75 and a low of C$132.06, indicating limited price movement over the past year.
Recent trading volumes have been below average, which could suggest a lack of investor interest or confidence in the stock at its current price levels.

GIB.A Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for CGI is C$169.83, with a high forecast of C$185.00 and a low forecast of C$132.00.
: 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CGI in the last year. There are currently 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GIB.A shares.
: According to analysts, CGI's stock has a predicted upside of 8.80% based on their 12-month stock forecasts.
: Over the previous 90 days, CGI's stock had 1 upgrade by analysts.
: CGI has been rated by research analysts at Canaccord Genuity Group, CIBC, Raymond James, and Royal Bank of Canada 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.A compares to other companies.

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This page (TSE:GIB.A) was last updated on 11/23/2024 by MarketBeat.com Staff

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CGI (GIB.A) Stock Forecast & Price Target