CGI (GIB) Stock Forecast & Price Target

$116.25

+0.48 (+0.41%)

(As of 10/18/2024 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
17.85% 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 17.85% from the current price of $116.25.

GIB Analyst Ratings Over Time

Type	Current Forecast 10/21/23 to 10/20/24	1 Month Ago 9/21/23 to 9/20/24	3 Months Ago 7/23/23 to 7/22/24	1 Year Ago 10/21/22 to 10/21/23
Strong Buy	2 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	0 Buy rating(s)
Hold	1 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$137.00	$132.67	$132.67	N/A
Forecasted Upside	17.85% Upside	17.63% Upside	23.41% Upside	N/A
Consensus Rating	Buy	Moderate Buy	Moderate Buy	Hold

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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	2.67	2.50
Consensus Rating	Buy	Moderate Buy	Hold
Predicted Upside	17.85% Upside	1,281.82% Upside	6.18% Upside
News Sentiment Rating	Positive News See Recent GIB News	Neutral 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
11/14/2022	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 09:35 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 Monday, September 30, 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. reported strong earnings results, meeting analysts' consensus estimates, indicating financial stability and potential growth.
Recent institutional investments in CGI Inc. suggest confidence from large investors in the company's future performance.
CGI Inc. has a solid return on equity of 20.21%, showcasing efficient use of shareholder funds to generate profits.
The company's stock price has shown resilience, trading within a range of $93.07 to $118.89 over the past year, indicating stability and potential for growth.
CGI Inc. provides a range of IT and business process services, positioning itself in a sector with high demand and growth potential.

CGI
Bear Case

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

CGI Inc.'s price-to-earnings ratio of 21.73 may indicate the stock is currently overvalued compared to industry peers, potentially limiting short-term gains.
The company's P/E/G ratio of 2.67 suggests that the stock may be relatively expensive given its growth prospects, potentially deterring value-oriented investors.
CGI Inc.'s beta of 0.95 indicates that the stock's price is less volatile compared to the overall market, potentially limiting opportunities for short-term traders seeking high volatility.
While CGI Inc. has shown stability, the stock's recent trading volume of 196,992 shares may indicate lower investor interest or liquidity compared to other stocks, potentially impacting price movements.
Investors should consider the company's debt-to-equity ratio of 0.22, as higher debt levels can increase financial risk and impact the company's ability to invest in growth opportunities.

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 analysts have issued "buy," "hold," and "sell" ratings for CGI in the last year. There is currently 1 hold rating, 2 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GIB shares.
: According to analysts, CGI's stock has a predicted upside of 17.85% based on their 12-month stock forecasts.
: Over the previous 90 days, CGI's stock had 3 upgrades by analysts.
: CGI has been rated by research analysts at CIBC, Cibc World Mkts, and Sanford C. Bernstein 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.