CGI - GIB Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CGI in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GIB shares.
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3 Wall Street research analysts have issued twelve-month price objectives for CGI's shares. Their GIB share price forecasts range from $125.00 to $146.00. On average, they anticipate the company's stock price to reach $139.11 in the next year. This suggests a possible upside of 51.9% from the stock's current price.
View analysts price targets for GIB or view top-rated stocks among Wall Street analysts.

CGI's stock was trading at $86.13 at the start of the year. Since then, GIB shares have increased by 6.3% and is now trading at $91.58.
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CGI saw a decrease in short interest in December. As of December 30th, there was short interest totaling 1,110,000 shares, a decrease of 17.2% from the December 15th total of 1,340,000 shares. Based on an average trading volume of 130,800 shares, the days-to-cover ratio is presently 8.5 days. Approximately 0.5% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our GIB earnings forecast.

CGI Inc. (NYSE:GIB) announced its quarterly earnings results on Wednesday, November, 10th. The technology company reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.04. The technology company had revenue of $2.39 billion for the quarter, compared to analysts' expectations of $2.38 billion. CGI had a trailing twelve-month return on equity of 20.87% and a net margin of 11.20%. During the same quarter in the prior year, the company earned $0.92 earnings per share.

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 many different institutional and retail investors. Top institutional shareholders include National Bank of Canada FI (1.66%), Bank of Montreal Can (1.37%), TD Asset Management Inc (0.54%), Toronto Dominion Bank (0.39%), DekaBank Deutsche Girozentrale (0.38%) and QV Investors Inc. (0.34%).

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 $91.58.

CGI (NYSE:GIB) has a market capitalization of $21.78 billion and generates $10.08 billion in revenue each year. The technology company earns $1.15 billion in net income (profit) each year or $4.73 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.