Raymond James Financial Issues Pessimistic Forecast for CGI (TSE:GIB.A) Stock Price

CGI (TSE:GIB.A) (NYSE:GIB) had its price target lowered by investment analysts at Raymond James Financial from C$168.00 to C$130.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s target price suggests a potential upside of 43.79% from the company’s current price.

Several other research firms have also commented on GIB.A. Royal Bank Of Canada lowered CGI from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$150.00 to C$100.00 in a research report on Thursday. Desjardins set a C$149.00 price objective on CGI and gave the company a “buy” rating in a research report on Wednesday. Scotiabank cut their price objective on CGI from C$140.00 to C$120.00 and set a “sector perform” rating on the stock in a research report on Friday, April 24th. National Bank Financial cut their price objective on CGI from C$185.00 to C$150.00 and set an “outperform” rating on the stock in a research report on Monday, April 27th. Finally, BMO Capital Markets cut their price objective on CGI from C$137.00 to C$122.00 and set an “outperform” rating on the stock in a research report on Monday, April 27th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$127.46.

CGI Trading Up 1.7%

Shares of GIB.A stock opened at C$90.41 on Thursday. The firm’s 50 day moving average price is C$100.06 and its two-hundred day moving average price is C$114.21. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 34.24. CGI has a fifty-two week low of C$84.70 and a fifty-two week high of C$152.63. The stock has a market cap of C$19.42 billion, a price-to-earnings ratio of 12.12, a price-to-earnings-growth ratio of 2.24 and a beta of 0.09.

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

Key Headlines Impacting CGI

Here are the key news stories impacting CGI this week:

• Positive Sentiment: Q2 2026 earnings call highlighted strategic acquisitions and continued investment in AI that management says will drive revenue and higher‑value contracts — a growth narrative investors favor. CGI Q2 2026 Earnings Call Highlights
• Positive Sentiment: CGI formed a strategic partnership with Cleura to expand sovereign cloud and AI offerings in the Nordics, supporting revenue diversification in high-growth, regulated markets. CGI expands sovereign cloud and AI offerings
• Positive Sentiment: Board declared a quarterly dividend of C$0.17 per share (ex-dividend May 15; record/pay June 19), a modest yield (~0.8%) that supports the stock’s income profile and signals capital-return discipline.
• Neutral Sentiment: Stifel Nicolaus reiterated its buy rating on CGI, indicating at least some sell‑side conviction remains. Stifel keeps buy rating
• Neutral Sentiment: Several firms trimmed price targets but largely kept constructive ratings (Canaccord, Raymond James, TD, Sanford Bernstein), reflecting lower near-term multiples while preserving medium‑term upside expectations. Analyst target changes (BayStreet)
• Negative Sentiment: Royal Bank of Canada downgraded CGI from “outperform” to “sector perform” and cut its target to C$100 (from C$150), signaling reduced conviction on near-term outperformance; this downgrade is a headwind for sentiment. RBC downgrade TickerReport
• Negative Sentiment: Scotia cut its target to C$110 and moved to “sector perform,” another sign that some analysts expect more modest near‑term returns vs. prior forecasts. Scotia target cut

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.