CGI (GIB.A) Stock Forecast & Price Target

C$158.68

+1.49 (+0.95%)

(As of 10/11/2024 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

Moderate Buy

Based on 11 Analyst Ratings

Sell
0

Hold
1

Buy
10

Based on 11 Wall Street analysts who have issued ratings for CGI in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 11 analysts, 1 has given a hold rating, and 10 have given a buy rating for GIB.A.

Consensus Price Target

C$165.25
4.14% Upside

According to the 11 analysts' twelve-month price targets for CGI, the average price target is C$165.25. 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 4.14% from the current price of C$158.68.

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GIB.A Analyst Ratings Over Time

Type	Current Forecast 10/14/23 to 10/13/24	1 Month Ago 9/14/23 to 9/13/24	3 Months Ago 7/16/23 to 7/15/24	1 Year Ago 10/14/22 to 10/14/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	10 Buy rating(s)	9 Buy rating(s)	7 Buy rating(s)
Hold	1 Hold rating(s)	1 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$165.25	C$165.25	C$160.00	C$155.36
Forecasted Upside	4.14% Upside	5.14% Upside	11.44% Upside	15.96% Upside
Consensus Rating	Moderate Buy	Moderate 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	2.91	2.67
Consensus Rating	Moderate 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
8/2/2024	Scotiabank 5 of 5 stars	Boost Target		C$160.00 ➝ C$170.00	+12.90%
8/1/2024	Desjardins 2 of 5 stars	Boost Target	Buy	C$166.00 ➝ C$172.00	+10.28%
8/1/2024	TD Securities 4 of 5 stars	Boost Target	Buy	C$160.00 ➝ C$180.00	+15.41%
8/1/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$163.00 ➝ C$170.00	+9.00%
8/1/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral	C$151.00 ➝ C$155.00	-0.62%
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%
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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	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform	C$167.00 ➝ C$171.00	+9.64%
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%
4/26/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	C$166.00 ➝ C$160.00	+13.48%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:24 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 Tuesday, October 8, 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 consensus recommendation of "Moderate Buy" from analysts, indicating positive sentiment towards the company's performance and potential growth.
Recent analyst ratings have shown a strong buy sentiment towards CGI Inc, with multiple firms increasing their price targets, suggesting confidence in the company's future prospects.
CGI Inc's stock price has crossed above its 200-day moving average, a technical indicator that could signal a bullish trend and potential price appreciation.
The company has a market capitalization of C$31.78 billion, indicating a significant presence in the market and stability as an investment option.
CGI Inc provides information technology and business process services in various regions, diversifying its revenue streams and potentially reducing risk associated with regional economic fluctuations.

CGI
Bear Case

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

CGI Inc's stock recently traded down, indicating short-term volatility and potential uncertainty in the market sentiment towards the company.
The company's debt-to-equity ratio of 34.24 is relatively high, which could pose risks in terms of financial leverage and debt repayment obligations.
CGI Inc's P/E ratio of 21.83 suggests that the stock may be relatively expensive compared to its earnings, potentially limiting immediate upside potential for investors.
The company's beta of 0.86 indicates that CGI Inc's stock price is less volatile than the market average, which may result in slower price movements compared to more volatile stocks.
While CGI Inc has a diverse geographic presence, global economic uncertainties or geopolitical events could impact its operations in multiple regions, leading to potential risks for investors.

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$165.25, 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 is currently 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GIB.A shares.
: According to analysts, CGI's stock has a predicted upside of 4.14% based on their 12-month stock forecasts.
: CGI has been rated by research analysts at BMO Capital Markets, CIBC, Desjardins, Jefferies Financial Group, National Bankshares, Raymond James, Royal Bank of Canada, Sanford C. Bernstein, Scotiabank, Stifel Nicolaus, and TD Securities in the past 90 days.
: Analysts like CGI more than other "computer and technology" companies. The consensus rating score for CGI is 2.91 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how GIB.A compares to other companies.

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This page (TSE:GIB.A) was last updated on 10/13/2024 by MarketBeat.com Staff

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