CGI (GIB) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CGI in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GIB shares.
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2 Wall Street research analysts have issued twelve-month target prices for CGI's stock. Their GIB share price forecasts range from $100.00 to $125.00. On average, they expect the company's share price to reach $117.25 in the next twelve months. This suggests a possible upside of 18.9% from the stock's current price.
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CGI's stock was trading at $86.13 at the start of the year. Since then, GIB stock has increased by 14.5% and is now trading at $98.60.
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CGI saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,710,000 shares, an increase of 15.5% from the August 15th total of 1,480,000 shares. Based on an average trading volume of 125,600 shares, the short-interest ratio is presently 13.6 days. Currently, 0.8% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our GIB earnings forecast.

CGI Inc. (NYSE:GIB) issued its quarterly earnings results on Wednesday, July, 26th. The technology company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.02. The technology company earned $2.70 billion during the quarter, compared to analysts' expectations of $2.69 billion. CGI had a trailing twelve-month return on equity of 20.67% and a net margin of 11.25%.

Based on aggregate information from My MarketBeat watchlists, some companies that other CGI investors own include CGI (GIB.A), International Business Machines (IBM), NVIDIA (NVDA), Home Depot (HD), McDonald's (MCD), Cisco Systems (CSCO), Enbridge (ENB), Intel (INTC) and AT&T (T).

CGI trades on the New York Stock Exchange (NYSE) under the ticker symbol "GIB."

CGI's stock is owned by a variety of retail and institutional investors. Top institutional investors include Jarislowsky Fraser Ltd (2.43%), Mackenzie Financial Corp (2.29%), National Bank of Canada FI (1.66%), Fiera Capital Corp (1.57%), Bank of Montreal Can (1.51%) and The Manufacturers Life Insurance Company (1.32%).

Shares of GIB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GIB stock can currently be purchased for approximately $98.60.

CGI (NYSE:GIB) has a market capitalization of $23.21 billion and generates $10.08 billion in revenue each year. The technology company earns $1.15 billion in net income (profit) each year or $4.94 on an earnings per share basis.

The company employs 90,000 workers across the globe.

CGI's mailing address is 1350 RENE LEVESQUE BOULEVARD WEST 25TH FLOOR, MONTREAL A8, H3G 1T4. The official website for the company is www.cgi.com. The technology company can be reached via phone at (514) 841-3200, via email at lorne.gorber@cgi.com, or via fax at 703-267-8679.