RBC Capital analyst Paul Treiber raised the firm’s price target on CGI (GIB) to C$192 from C$178 and keeps an Outperform rating on the shares. The company reported Q1 largely in line with consensus, but while organic growth was below expectations, M&A is likely to more than offset the softness, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GIB:
- CGI to acquire Novatec, terms undisclosed
- CGI Group Reports Strong Q1 Fiscal 2025 Results
- CGI Group Announces Leadership Transition: Julie Godin Named Executive Chair
- CGI Group Reports Strong Q1 2025 Financial Results with Strategic Growth Initiatives
- CGI signs share purchase agreement to acquire BJSS