Should I buy or sell CGI stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CGI in the last twelve months. There are currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GIB.A shares. View GIB.A analyst ratings or view top-rated stocks .

What is CGI's stock price target for 2024?

10 brokers have issued 1 year target prices for CGI's shares. Their GIB.A share price targets range from C$150.00 to C$175.00. On average, they predict the company's stock price to reach C$166.36 in the next year. This suggests a possible upside of 16.2% from the stock's current price. View analysts price targets for GIB.A or view top-rated stocks among Wall Street analysts .

How have GIB.A shares performed in 2024?

CGI's stock was trading at C$141.95 at the start of the year. Since then, GIB.A stock has increased by 0.8% and is now trading at C$143.11. View the best growth stocks for 2024 here .

How do I buy shares of CGI?

Shares of GIB.A stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:GIB.A

CGI (GIB.A) Stock Price, News & Analysis

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C$143.11

-0.86 (-0.60%)

(As of 04/18/2024 ET)

Compare

Today's Range: C$142.44
▼
C$144.48
50-Day Range: C$141.92
▼
C$159.66
52-Week Range: C$127.73
▼
C$160.40

Volume: 390,519 shs
Average Volume: 305,502 shs
Market Capitalization: C$29.53 billion

P/E Ratio: 20.68
Dividend Yield: 5.35%
Price Target: C$166.36

Stock Analysis Analyst Forecasts Chart Competitors Headlines

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CGI MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.90 Rating Score
Upside/Downside: 16.2% Upside
C$166.36 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.70 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
CGI has received a consensus rating of Moderate Buy. The company's average rating score is 2.90, and is based on 9 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
CGI has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for GIB.A.

1.7

Dividend Strength

Dividend Leadership
CGI is a leading dividend payer. It pays a dividend yield of 5.35%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
CGI does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GIB.A.

1.9

News and Social Media Coverage

News Sentiment
CGI has a news sentiment score of -0.51. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 1 news article for CGI this week, compared to 1 article on an average week.
Search Interest
4 people have searched for GIB.A on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.
MarketBeat Follows
1 people have added CGI to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CGI insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.78% of the stock of CGI is held by insiders.
Percentage Held by Institutions
68.84% of the stock of CGI is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of CGI is 20.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of CGI is 20.68, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 247.33.
Price to Earnings Growth Ratio
CGI has a PEG Ratio of 1.48. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
CGI has a P/B Ratio of 3.83. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About CGI Stock (TSE:GIB.A)

CGI Inc., together with its subsidiaries, provides information technology (IT) and business process services in Canada, Northern Europe, France, the United States, the United Kingdom, Europe, and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities. The company also offers application development, management, testing, portfolio management, and modernization services; business consulting, including agile, business transformation, change management, CIO advisory, cybersecurity, data analytics, digital enterprise, project management, and industry-specific services; and a suite of business process services designed to address the needs of specific industries, as well as IT infrastructure consulting, solutions, and services. It serves clients operating in government, financial services, health, utility, communication, oil and gas, manufacturing, retail and consumer service, transportation, and post and logistics sectors. The company was formerly known as CGI Group Inc. and changed its name to CGI Inc. in January 2019. CGI Inc. was founded in 1976 and is headquartered in Montreal, Canada.

GIB.A Stock Price History

30 days | 90 days | 365 days | Advanced Chart

GIB.A Stock News Headlines

April 16, 2024 | americanbankingnews.com

CGI (TSE:GIB.A) Stock Passes Above Two Hundred Day Moving Average of $144.36

April 11, 2024 | finance.yahoo.com

Is Weakness In CGI Inc. (TSE:GIB.A) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?

April 18, 2024 | Darwin (Ad)

Explore the Future: Unlock the Top 3 AI Stocks for 2024 Report

April 8, 2024 | msn.com

1 Super Tech Stock (Besides Nvidia) to Buy Hand Over Fist in 2024

March 27, 2024 | finance.yahoo.com

Institutional owners may ignore CGI Inc.'s (TSE:GIB.A) recent CA$2.5b market cap decline as longer-term profits stay in the green

March 19, 2024 | finanznachrichten.de

CGI Inc.: CGI selected by Centers for Medicare & Medicaid Services to improve Medicare access for more than 65 million beneficiaries nationwide

March 19, 2024 | stockhouse.com

CGI selected by Centers for Medicare & Medicaid Services to improve Medicare access for more than 65 million beneficiaries nationwide

March 13, 2024 | msn.com

2 TSX Tech Stocks to Buy Hand Over Fist in March 2024

April 18, 2024 | Darwin (Ad)

Explore the Future: Unlock the Top 3 AI Stocks for 2024 Report

February 27, 2024 | finance.yahoo.com

Massachusetts selects CGI for transformation of Commonwealth's enterprise financial system

February 24, 2024 | msn.com

CGI (GIB) Price Target Increased by 7.02% to 122.00

February 14, 2024 | msn.com

CGI is Great Place to Work-certified for the third year in the Philippines

February 14, 2024 | msn.com

CGI in India named as a Top Employer 2024

February 14, 2024 | finance.yahoo.com

CGI is Great Place to Work-certified™ for the third year in the Philippines

February 14, 2024 | finance.yahoo.com

CGI and LocalTapiola extend long-term partnership to further advance enterprise-wide digital transformation program

February 13, 2024 | msn.com

Better Buy: CGI Stock or OpenText?

February 1, 2024 | markets.businessinsider.com

RBC Capital Reaffirms Their Buy Rating on CGI Group (GIB)

February 1, 2024 | finance.yahoo.com

CGI Inc. (NYSE:GIB) Q1 2024 Earnings Call Transcript

February 1, 2024 | finance.yahoo.com

CGI reports director election results

January 31, 2024 | finance.yahoo.com

CGI (GIB) Partners Posti to Offer Improved Messaging Services

January 31, 2024 | theglobeandmail.com

Consulting firm CGI reports first-quarter profit and revenue up year-over-year

January 31, 2024 | theglobeandmail.com

Consulting firm CGI reports Q1 profit and revenue up year-over-year

January 30, 2024 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Super Micro Computer (SMCI), Apple (AAPL) and CGI Group (GIB)

January 30, 2024 | finance.yahoo.com

CGI partners with Posti to deliver digital messaging services that respond to fast-changing customer and security demands

January 25, 2024 | ca.finance.yahoo.com

CGI, Beyond Oil at 52-Week Highs on News

January 23, 2024 | ca.finance.yahoo.com

CGI, Parkland at 52-Week Highs on News

January 22, 2024 | markets.businessinsider.com

Bay Street Likely To Inch Higher In Cautious Trade

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Computer and Technology
Industry: Information Technology Services
Sub-Industry: N/A
Current Symbol: TSE:GIB.A
CUSIP: N/A
CIK: N/A
Web: www.cgi.com
Phone: +1-514-8413200
Fax: N/A
Employees: 74,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$166.36
High Stock Price Target: C$175.00
Low Stock Price Target: C$150.00
Potential Upside/Downside: +16.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.90
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$6.92
Trailing P/E Ratio: 20.68
Forward P/E Ratio: 18.58
P/E Growth: 1.48
Net Income: C$1.64 billion
Net Margins: 11.34%
Pretax Margin: N/A
Return on Equity: 19.88%
Return on Assets: 9.32%

Debt

Debt-to-Equity Ratio: 34.93
Current Ratio: 1.11
Quick Ratio: 0.97

Sales & Book Value

Annual Sales: C$14.45 billion
Price / Sales: 2.04
Cash Flow: C$5.15 per share
Price / Cash Flow: 27.77
Book Value: C$37.40 per share
Price / Book: 3.83

Miscellaneous

Outstanding Shares: 206,350,000
Free Float: N/A
Market Cap: C$29.53 billion
Optionable: Not Optionable
Beta: 0.80

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Key Executives

Mr. Serge Godin (Age 70)
Founder & Exec. Chairman
Mr. George D. Schindler (Age 56)
Pres, CEO & Director
Ms. Julie Godin (Age 44)
Vice-Chair of the Board, Exec. VP and Chief Planning & Admin. Officer
Mr. André Imbeau (Age 69)
Co-Founder & Director
Mr. François Boulanger
Exec. VP & CFO

Key Competitors

View All Competitors

Should I Buy CGI Stock? GIB.A Pros and Cons Explained

Pros

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

CGI Inc. provides IT and business process services in multiple regions, offering diversification and exposure to various markets.
The company has a strong track record of providing software solutions and IT services, indicating expertise in the industry.
CGI Inc. offers a suite of business process services tailored to specific industries, potentially leading to specialized and high-demand offerings.
Recent positive analyst recommendations for CGI Inc. (TSE: GIB.A) may indicate growth potential and market confidence.
Investors may find CGI Inc.'s current stock price attractive for potential value opportunities.

Cons

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

CGI Inc. operates in a competitive industry where technological advancements and rapid changes can pose challenges.
Market volatility and economic uncertainties could impact CGI Inc.'s performance and financial results.
Fluctuations in currency exchange rates may affect CGI Inc.'s international operations and financial stability.
Regulatory changes in the countries where CGI Inc. operates could lead to compliance issues and additional costs.
CGI Inc.'s dependency on key sectors like government and financial services may expose it to sector-specific risks.

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 Friday, April 12, 2024. Please send any questions or comments about these CGI pros and cons to contact@marketbeat.com.

GIB.A Stock Analysis - Frequently Asked Questions

Should I buy or sell CGI stock right now?: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CGI in the last twelve months. There are currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GIB.A shares.
View GIB.A analyst ratings or view top-rated stocks.
What is CGI's stock price target for 2024?: 10 brokers have issued 1 year target prices for CGI's shares. Their GIB.A share price targets range from C$150.00 to C$175.00. On average, they predict the company's stock price to reach C$166.36 in the next year. This suggests a possible upside of 16.2% from the stock's current price.
View analysts price targets for GIB.A or view top-rated stocks among Wall Street analysts.
How have GIB.A shares performed in 2024?: CGI's stock was trading at C$141.95 at the start of the year. Since then, GIB.A stock has increased by 0.8% and is now trading at C$143.11.
View the best growth stocks for 2024 here.
How do I buy shares of CGI?: Shares of GIB.A stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:GIB.A) was last updated on 4/18/2024 by MarketBeat.com Staff

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CGI (GIB.A) Stock Price, News & Analysis

CGI MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About CGI Stock (TSE:GIB.A)

GIB.A Stock Price History

GIB.A Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Should I Buy CGI Stock? GIB.A Pros and Cons Explained

Pros

Cons

GIB.A Stock Analysis - Frequently Asked Questions

Overall MarketRank^™