Stock Rating Downgrade
In recent days the Value Trend Rating for CGI Inc (NYSE: GIB) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 1/12/24, CGI Inc (NYSE: GIB) stock rose slightly by 0.09%, closing at $106.84. However, trading volume in this advance was below average at 68% of normal. The stock has performed in line with the market over the last nine months and has risen 4.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GIB is expected to continue to be a major Value Builder.
CGI has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. CGI has a poor Appreciation Score of 29 but a neutral Power Rating of 58, triggering the Negative Value Trend Rating.
Be the first to comment