Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for CGI Inc (NYSE: GIB) improved during the last several trading days. GIB’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
CGI Inc (NYSE: GIB) stock closed at $102.96 on 12/1/23 after an increase of 1.3%. NORMAL trading volume accompanied the advance. The stock has risen 1.5% during the last week and has been strong relative to the market over the last nine months.
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 C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. CGI has a poor Appreciation Score of 28 but a slightly positive Power Rating of 62, leading to the Low Neutral Value Trend Rating.
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