CIBC downgraded CGI Group from Sector Outperform to Neutral
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/15/2024 | Neutral → Sector Outperform | CIBC | |
| 7/19/2024 | $112.00 | Neutral | UBS |
| 7/2/2024 | $120.00 | Buy | Jefferies |
| 6/21/2024 | Sector Outperform → Neutral | CIBC | |
| 5/2/2024 | Hold → Buy | TD Securities | |
| 11/14/2022 | Buy → Hold | Societe Generale | |
| 9/16/2022 | Sector Outperform | Scotiabank | |
| 1/10/2022 | Sell | Goldman Sachs |
6-K - CGI INC (0001061574) (Filer)
6-K - CGI INC (0001061574) (Filer)
40-F - CGI INC (0001061574) (Filer)
SC 13G/A - CGI INC (0001061574) (Subject)
SC 13G/A - CGI INC (0001061574) (Subject)
SC 13G/A - CGI INC (0001061574) (Subject)
CIBC upgraded CGI Group from Neutral to Sector Outperform
UBS initiated coverage of CGI Group with a rating of Neutral and set a new price target of $112.00
Jefferies initiated coverage of CGI Group with a rating of Buy and set a new price target of $120.00
Stock Market Symbols GIB.A (TSX)GIB (NYSE) cgi.com/newsroom Revenue up 5.1% with cash generation of $646 million or 17.1% of revenue1 Q1-F2025 performance highlights Revenue of $3.79 billion, up 5.1% year-over-year or 2.7% year-over-year in constant currency1;Earnings before income taxes of $591.7 million, up 12.3% year-over-year, for a margin1 of 15.6%;Adjusted earnings before interest and taxes1 of $611.7 million, up 4.7% year-over-year, for a margin1 of 16.2%;Net earnings of $438.6 million, up 12.5% year-over-year, for a margin1 of 11.6%;Adjusted net earnings1,2 of $449.0 million, up 5.1% year-over-year, for a margin1 of 11.9%;Diluted EPS of $1.92, up 15.0% year-over-year;Adjusted diluted
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom MONTRÉAL, Jan. 29, 2025 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB) announced today that its Board of Directors has authorized the renewal of its Normal Course Issuer Bid ("NCIB"), subject to approval by the Toronto Stock Exchange (the "TSX").CGI's management and Board of Directors believe that the purchase for cancellation of the Company's Class A subordinate voting shares ("Class A Shares") is a proper use of funds, and the NCIB will provide the flexibility to purchase Class A Shares from time to time as the Company considers it advisable, as part of its efforts to increase shareholder value. At the close of business on January 23, 2025
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom MONTRÉAL, Jan. 22, 2025 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB) will host its Annual General Meeting of Shareholders (the "Meeting") and release its Fiscal 2025 first quarter results on Wednesday, January 29, 2025. The Meeting will be held at 11:00 a.m. (EST) via live webcast at https://www.icastpro.ca/q0jsqn (Password: CGI2024). Shareholders will have the opportunity to participate in real time and vote at the Meeting online in the manner set forth in CGI's Management Proxy Circular, through a web-based platform, regardless of their geographic location. Only CGI shareholders of record at the close of business on Monday, December 2,
Stock Market Symbols GIB (NYSE) GIB.A (TSX)cgi.com/newsroom MONTRÉAL, Jan. 29, 2025 /PRNewswire/ - In line with the comprehensive succession strategies that CGI (TSX:GIB) (NYSE:GIB) established several years ago, Julie Godin is appointed Executive Chair of the Board of Directors, effective following today's Annual General Meeting of Shareholders. In conjunction with Ms. Godin's appointment, CGI Founder Serge Godin will assume the role of Board Co-Chair and continue to focus on transformational acquisitions for CGI and on large-scale engagements with clients. "Over the years, Julie has mastered every dimension of our business and industry as the portfolio of her responsibilities incrementall
Stock Market Symbols GIB.A (TSX) GIB (NYSE) cgi.com/newsroom Signature reinforces the company's commitment to responsible and ethical AI practices BRUSSELS, Sept. 25, 2024 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB), one of the world's largest business and IT consulting firms, announced today that it has signed the European Union's (EU) Artificial Intelligence (AI) Act Pledge as part of its engagement with the European Commission's AI Pact. The signature reinforces CGI's commitment globally to uphold the highest standards and best practices in the development and use of responsible technologies, including innovative AI and Generative AI technologies. "Given CGI's extensive footprint in Europe
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom PARIS, July 3, 2024 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB), one of the world's largest business and IT consulting services firms, is partnering with Risk Management Partners, a unit of Munich Re, the world's leading reinsurer, to help insurers reduce claims, increase profits, and drive long-term value through climate risk mitigation. This partnership will combine Munich Re's Location Risk Intelligence Platform with CGI's climate risk mitigation offerings to help insurers minimize the impact of climate change on their business models and profitability. Faced with increasing claims, insurers must deal with climate-related risks and ch
Acquisition will strengthen CGI's presence in the automotive, manufacturing and financial services sectors in Southern Germany, and will expand its presence in Spain Stock Market SymbolsGIB (NYSE)GIB.A (TSX)www.cgi.com/newsroom Montréal, Quebec and Leinfelden-Echterdingen, Germany, Jan. 30, 2025 /CNW/ - CGI (TSX:GIB) (NYSE:GIB), one of the largest independent IT and business consulting services firms in the world, today announced that its wholly-owned limited partnership, CGI Deutschland B.V. & Co. KG, has signed an agreement to acquire Novatec, an IT services firm specialized in agile software engineering, digital products and strategic business & IT consulting services. More than 300 highl
Stock Market SymbolsGIB.A (TSX)GIB (NYSE)cgi.com/newsroom MONTRÉAL, Jan. 29, 2025 /PRNewswire/ - CGI (TSX:GIB) (NYSE:GIB) held its Annual General Meeting of Shareholders in Montréal, Quebec, Canada, on Wednesday, January 29, 2025 at 11:00 a.m. (EST) via live webcast. All 14 directors proposed for election at the meeting were elected by shareholders on a vote by electronic ballot. The ballots cast and proxies received by CGI for the election of directors were as follows: Votes for Votes withheld % % François Boulanger 99.55 % 0.45 % Sophie Brochu 97.55 % 2.45 % George A. Cope 97.89 % 2.11 % Jacynthe Côté 98.22 % 1.78 % Julie Godin 99.03 % 0.97 % Serge Godin 96.77 % 3.23 % Gilles Labbé 98.72
Stock Market SymbolsGIB (NYSE)GIB.A (TSX)www.cgi.com/newsroom Acquisition will accelerate CGI's UK-wide expansion, deepening the firm's presence across key commercial industry sectors as well as public sector LONDON, Jan. 29, 2025 /PRNewswire/ - CGI (NYSE:GIB) (TSX:GIB) today announced the signature of a share purchase agreement on January 29, 2025, to acquire BJSS, a UK-based technology and engineering consultancy known for its innovative IT solutions, software engineering expertise and delivery excellence. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in February 2025. More than 2,400 highly skilled consultants and prof