Canaccord Genuity Group Has Lowered Expectations for CGI (TSE:GIB.A) Stock Price

CGI (TSE:GIB.A) (NYSE:GIB) had its target price lowered by equities research analysts at Canaccord Genuity Group from C$150.00 to C$140.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 54.85% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Scotiabank decreased their price objective on shares of CGI from C$140.00 to C$120.00 and set a “sector perform” rating for the company in a report on Friday, April 24th. Scotia decreased their price objective on shares of CGI from C$120.00 to C$110.00 and set a “sector perform” rating for the company in a report on Thursday. Royal Bank Of Canada cut shares of CGI from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$150.00 to C$100.00 in a report on Thursday. TD Securities upped their price objective on shares of CGI from C$145.00 to C$153.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, Stifel Nicolaus decreased their price objective on shares of CGI from C$160.00 to C$128.00 and set a “buy” rating for the company in a report on Tuesday. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$127.46.

CGI Trading Up 1.7%

TSE GIB.A opened at C$90.41 on Thursday. CGI has a 1-year low of C$84.70 and a 1-year high of C$152.63. 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$19.42 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 2.24 and a beta of 0.09. The firm’s fifty day simple moving average is C$100.06 and its 200-day simple moving average is C$114.21.

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

CGI News Roundup

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

About CGI

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.