Latest news with #CGIInc.
Bloomberg
29-01-2025
- Business
- Bloomberg
Consulting Firm CGI Sees More M&A, Opportunities with US's DOGE
CGI Inc., one of Canada's largest tech-services firm, is on a merger and acquisition spree and says it has enough dry powder for more takeovers. The company agreed to buy UK-based technology and software engineering consultancy firm BJSS Ltd., it announced Wednesday. The deal comes after CGI bought Daugherty Business Solutions LLC, a St. Louis-based firm that specializes in artificial intelligence and data, in December.
Globe and Mail
29-01-2025
- Business
- Globe and Mail
CGI Inc (GIB-A:CA) Stock Forecast: Analysts Predict Strong Growth in 2025
CGI Inc (GIB-A:CA) has been a strong player in the information technology services industry, showing steady growth and attracting positive investor sentiment. As the company prepares for its earnings report on January 29, 2025, investors and analysts are closely monitoring its stock performance and potential future outlook. Before we dive in, we have a special offer! For a limited time, you can get 70% off Stock Target Advisor's premium features. Claim your discount here! Recent Performance and Market Conditions: CGI Inc.'s stock has demonstrated strong performance over the past year, with a 9.73% increase in stock price. Over the past month, the stock has climbed 4.20%, while in the past week, it saw a 5.42% gain. The stock is currently trading at CAD 162.65, with an average analyst target price of CAD 164.87 for the next 12 months. Want to know more about CGI Inc? Access our full analysis report here, it's free. The broader IT sector has seen mixed sentiment, with recent macroeconomic challenges such as inflation concerns and interest rate policies impacting growth stocks. Stock Target Advisor's Analysis on CGI Inc: Stock Target Advisor maintains a bullish stance on CGI Inc., citing eight positive signals and three negative signals. Market analysts maintain a largely positive outlook on CGI Inc., with a Strong Buy rating from 14 analysts. Key analyst ratings include: The highest analyst target price stands at CAD 185, while the lowest is CAD 132. Conclusion: CGI Inc. remains a solid investment choice within the IT services sector, supported by its strong market position, stable financials, and positive investor sentiment. While macroeconomic challenges persist, CGI's low volatility and strong fundamentals position it well for continued growth. Investors should keep an eye on the upcoming earnings report on January 29, 2025, which could provide further insight into the company's financial performance and future strategy.
