Stock Rating Downgrade
The Value Trend Rating for CGI Inc (NYSE: GIB) weakened in recent days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
CGI Inc (NYSE: GIB) stock closed at $106.81 on 4/8/24 after a slight gain of 0.2%. This advance was accompanied by normal trading volume. The stock has been strong relative to the market over the last nine months but has declined -3.3% during the last week.
Current PriceTarget Research Rating
GIB is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
CGI has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. CGI has a slightly positive Appreciation Score of 62 and a slightly positive Power Rating of 64, producing the High Neutral Value Trend Rating.
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