Free Trial

CGI (GIB) Stock Forecast & Price Target

CGI logo
$114.14
+0.26 (+0.23%)
(As of 10/29/2024 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

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
20.03% 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 20.03% from the current price of $114.14.
Get the Latest News and Ratings for GIB and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for CGI and its competitors.

Sign Up

GIB Analyst Ratings Over Time

TypeCurrent Forecast
10/31/23 to 10/30/24
1 Month Ago
10/1/23 to 9/30/24
3 Months Ago
8/2/23 to 8/1/24
1 Year Ago
10/31/22 to 10/31/23
Strong Buy
2 Strong Buy rating(s)
1 Strong Buy rating(s)
1 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$132.67N/A
Forecasted Upside20.03% Upside15.40% Upside18.97% UpsideN/A
Consensus Rating
Buy
Moderate Buy
Moderate Buy
Hold

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.
Skip Chart & View Analyst Rating History

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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

CGI Stock vs. The Competition

TypeCGIComputer and Technology CompaniesS&P 500
Consensus Rating Score
3.20
2.67
2.50
Consensus RatingBuyModerate BuyHold
Predicted Upside20.03% Upside685.81% Upside8.92% Upside
News Sentiment Rating
Positive News

See Recent GIB News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/15/2024Cibc World Mkts
0 of 5 stars
S. Price
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeHold ➝ Strong-Buy
10/15/2024CIBC
3 of 5 stars
 UpgradeNeutral ➝ Outperformer$155.00 ➝ $178.00+53.95%
8/1/2024Sanford C. Bernstein
3 of 5 stars
D. Marcon
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeStrong-Buy
7/19/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
K. Mcveigh
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Initiated CoverageNeutral$112.00+5.19%
7/16/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy$120.00 ➝ $121.00+13.55%
5/2/2024TD Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeHold ➝ Buy
2/2/2023Desjardins
Subscribe to MarketBeat All Access for the recommendation accuracy rating
J. Dubreuil
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost TargetC$136.00 ➝ C$140.00
2/2/2023BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$125.00 ➝ C$133.00
2/2/2023Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$134.00 ➝ C$138.00
2/2/2023Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$125.00 ➝ C$140.00
2/2/2023Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$135.00 ➝ C$140.00
2/2/2023Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$130.00 ➝ C$145.00
11/14/2022Societe Generale
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeBuy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 05:27 AM 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 Thursday, October 10, 2024. Please send any questions or comments about these CGI pros and cons to contact@marketbeat.com.

CGI
Bull Case

green Wall Street bull icon

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

red Wall Street bear icon

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 equities 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 equities research analysts is that investors should "buy" GIB shares.

According to analysts, CGI's stock has a predicted upside of 20.03% 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.


This page (NYSE:GIB) was last updated on 10/30/2024 by MarketBeat.com Staff
From Our Partners