CGI (TSE:GIB.A) Price Target Cut to C$140.00 by Analysts at Canaccord Genuity Group

CGI (TSE:GIB.A) (NYSE:GIB) had its target price cut by Canaccord Genuity Group from C$150.00 to C$140.00 in a research note published on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research analysts have also recently issued reports on GIB.A. Stifel Nicolaus lowered their price objective on CGI from C$160.00 to C$128.00 and set a “buy” rating for the company in a research report on Tuesday. Sanford C. Bernstein decreased their target price on CGI from C$143.00 to C$141.00 in a research report on Thursday. TD decreased their target price on CGI from C$153.00 to C$102.00 and set a “buy” rating for the company in a research report on Thursday. BMO Capital Markets decreased their target price on CGI from C$137.00 to C$122.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Royal Bank Of Canada cut CGI from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$150.00 to C$100.00 in a research report on Thursday. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$127.46.

CGI Price Performance

GIB.A stock opened at C$88.91 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.97 and a debt-to-equity ratio of 34.24. The company has a market capitalization of C$19.09 billion, a PE ratio of 11.92, a P/E/G ratio of 2.24 and a beta of 0.09. CGI has a 12-month low of C$84.70 and a 12-month high of C$152.63. The business’s fifty day moving average price is C$100.06 and its 200 day moving average price is C$114.21.

CGI (TSE:GIB.A) (NYSE:GIB) last issued its quarterly earnings results on Wednesday, April 29th. The company reported C$2.27 earnings per share for the quarter. The company had revenue of C$4.16 billion for the quarter. CGI had a return on equity of 19.51% and a net margin of 11.51%. On average, sell-side analysts anticipate that CGI will post 8.3679245 EPS for the current year.

CGI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Friday, March 20th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, February 18th. CGI’s dividend payout ratio (DPR) is presently 6.03%.

CGI News Summary

Here are the key news stories impacting CGI this week:

• Positive Sentiment: Desjardins initiated a C$149 price target and a “buy” rating — a bullish call that implies roughly 70% upside from the recent price. Read More.
• Positive Sentiment: Stifel Nicolaus reiterated its “buy” view on CGI, a supportive signal that some brokers remain constructive after the quarter. Read More.
• Neutral Sentiment: Sanford C. Bernstein trimmed its target modestly (C$143 → C$141), leaving a large implied upside and suggesting limited change to its thesis. Read More.
• Neutral Sentiment: Canaccord lowered its target (C$150 → C$140) but kept a “buy” rating, a downgrade in target size but not in conviction. Read More.
• Neutral Sentiment: CGI reported quarterly results (C$2.27 EPS; C$4.16B revenue). The numbers appear solid, but analysts’ target moves suggest concerns about outlook or valuation rather than one quarter’s results. Read More.
• Negative Sentiment: Raymond James cut its target substantially (C$168 → C$130) though it kept an “outperform” stance — a notable pullback in expectations. Read More.
• Negative Sentiment: TD reduced its price target sharply (C$153 → C$102) even while keeping a “buy” rating, a move that likely weighs on near‑term sentiment. Read More.
• Negative Sentiment: Royal Bank of Canada downgraded CGI from “outperform” to “sector perform” and cut its target to C$100 (from C$150) — a clear negative signal. Read More. Read More.
• Negative Sentiment: Scotia trimmed its target (C$120 → C$110) and moved to “sector perform,” another downgrade of expectations. Read More.

CGI Company Profile

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 91,000 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results.