CGI Inc. with ticker code (GIB) have now 10 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 103.88 and 88.33 calculating the average target price we see 97.86. Given that the stocks previous close was at 76.16 this indicates there is a potential upside of 28.5%. The 50 day MA is 81.39 and the 200 moving average now moves to 84.89. The market cap for the company is $18,223m. Company Website: https://www.cgi.com
The potential market cap would be $23,415m based on the market concensus.
CGI Inc., together with its subsidiaries, provides information technology (IT) and business process services in Canada; Western, Southern, Central, and Eastern Europe; Australia; Scandinavia; Finland, Poland, and Baltics; the United States; the United Kingdom; and the Asia Pacific. Its services include the management of IT and business outsourcing, systems integration and consulting, and software solutions selling activities. The company also offers application development, integration and maintenance, testing, portfolio management, and modernization services; business consulting; and a suite of business process services designed to address the needs of specific industries, as well as IT infrastructure services. It serves clients operating in government, banking and capital market, health, utility, communication and media, oil and gas, retail, consumer and services, space, manufacturing, insurance, life sciences, retail and consumer service, and transportation and logistics sectors. The company was formerly known as CGI Group Inc. and changed its name to CGI Inc. in January 2019. CGI Inc. was founded in 1976 and is headquartered in Montreal, Canada.
