June 19, 2024

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CGI Inc. (NYSE:GIB) Given Common Ranking of “Reasonable Purchase” by Analysts

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CGI Inc. (NYSE:GIB) Given Common Ranking of “Reasonable Purchase” by Analysts

CGI Inc. (NYSE:GIB – Get Ranking) (TSE:GIB.A) has been assigned a mean ranking of “Maintain” from the fourteen analysis corporations which are at the moment masking the corporate, MarketBeat experiences. Two analysis analysts have rated the inventory with a promote advice, one has assigned a maintain advice and 5 have given a purchase advice to the corporate. The common 1 yr goal worth amongst brokerages which have up to date their protection on the inventory within the final yr is $123.13.

A number of analysts not too long ago issued experiences on the inventory. Canaccord Genuity Group elevated their worth goal on shares of CGI from C$120.00 to C$125.00 in a analysis report on Thursday, July twenty eighth. TD Securities elevated their worth goal on shares of CGI from C$130.00 to C$135.00 in a analysis observe on Thursday, July twenty eighth. Royal Financial institution of Canada elevated their worth goal on shares of CGI from C$120.00 to C$130.00 in a analysis observe on Thursday, July twenty eighth. BMO Capital Markets elevated their worth goal on shares of CGI from C$120.00 to C$125.00 in a analysis observe on Thursday, July twenty eighth. Lastly, Societe Generale raised shares of CGI from a “maintain” ranking to a “purchase” ranking in a analysis observe on Friday, April twenty ninth.

Hedge Funds Weigh In On CGI

A number of giant buyers have not too long ago modified their holdings of GIB. Geode Capital Administration LLC raised its stake in CGI by 6.5% throughout the fourth quarter. Geode Capital Administration LLC now owns 638,236 shares of the know-how firm’s inventory value $56,210,000 after shopping for a further 38,916 shares over the last quarter. Russell Investments Group Ltd. raised its stake in CGI by 8.5% throughout the first quarter. Russell Investments Group Ltd. now owns 183,870 shares of the know-how firm’s inventory value $14,659,000 after shopping for a further 14,394 shares over the last quarter. Banque Pictet & Cie SA raised its stake in CGI by 19.8% throughout the first quarter. Banque Pictet & Cie SA now owns 18,238 shares of the know-how firm’s inventory value $1,454,000 after shopping for a further 3,014 shares over the last quarter. Intercontinental Wealth Advisors LLC raised its stake in CGI by 7.5% throughout the fourth quarter. Intercontinental Wealth Advisors LLC now owns 7,968 shares of the know-how firm’s inventory value $706,000 after shopping for a further 556 shares over the last quarter. Lastly, Duality Advisers LP purchased a brand new place in CGI throughout the first quarter value $341,000. Institutional buyers personal 51.18% of the corporate’s inventory.

CGI Inventory Efficiency

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NYSE GIB opened at $83.47 on Monday. The corporate has a present ratio of 1.12, a fast ratio of 0.82 and a debt-to-equity ratio of 0.44. The agency has a market capitalization of $20.00 billion, a price-to-earnings ratio of 17.87, a P/E/G ratio of 1.94 and a beta of 0.95. The agency’s 50 day easy shifting common is $82.11 and its 200 day easy shifting common is $81.98. CGI has a 1 yr low of $73.76 and a 1 yr excessive of $93.93.

About CGI

(Get Ranking)

CGI Inc, along with its subsidiaries, offers data know-how (IT) and enterprise course of companies in Canada; Western, Southern, Central, and Japanese Europe; Australia; Scandinavia; Finland, Poland, and Baltics; the US; the UK; and the Asia Pacific. Its companies embody the administration of IT and enterprise outsourcing, techniques integration and consulting, and software program options promoting actions.

Additional Studying

Analyst Recommendations for CGI (NYSE:GIB)

This instantaneous information alert was generated by narrative science know-how and monetary knowledge from MarketBeat in an effort to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to [email protected].

Earlier than you think about CGI, you will need to hear this.

MarketBeat retains monitor of Wall Avenue’s top-rated and greatest performing analysis analysts and the shares they suggest to their purchasers each day. MarketBeat has recognized the 5 shares that prime analysts are quietly whispering to their purchasers to purchase now earlier than the broader market catches on… and CGI wasn’t on the listing.

Whereas CGI at the moment has a “Reasonable Purchase” ranking amongst analysts, top-rated analysts consider these 5 shares are higher buys.

View The 5 Shares Right here

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