- CGI Inc (GIB, Financial) is set to acquire the French firm Apside, promising to enhance its digital capabilities.
- Analysts forecast a potential upside of over 20% for CGI's stock, with a robust "Outperform" rating.
- GuruFocus estimates a fair value increase, projecting significant growth for CGI Inc in the coming year.
CGI's Strategic Acquisition of Apside
CGI Inc (GIB), a leader in IT and business consulting services, has announced an exclusive agreement to acquire Apside, a notable French digital and engineering services company. This strategic acquisition involves key stakeholders such as Siparex and Crédit Agricole's investment arms. The deal, poised for completion in June, marks a significant expansion in CGI’s European footprint, enhancing its service offerings and market competitiveness.
Analysts' Price Forecast and Recommendations
According to insights from 12 analysts, the average one-year price target for CGI Inc (GIB, Financial) stands at $120.67. Notably, projections range from a high of $134.55 to a low of $94.68. This average price target suggests a promising 20.87% increase from the current stock price of $99.83. For more in-depth analysis, visit the CGI Inc (GIB) Forecast page.
The consensus among 11 brokerage firms positions CGI Inc (GIB, Financial) with an average rating of 2.1, indicating an "Outperform" status. This rating system spans from 1, representing Strong Buy, to 5, denoting Sell, reflecting strong confidence among analysts in CGI's market performance.
GuruFocus Projections and Valuation
Leveraging GuruFocus estimates, the GF Value for CGI Inc (GIB, Financial) one year from now is calculated at $109.87. This represents a projected increase of 10.06% from the current share price of $99.83. The GF Value metric provides an intrinsic valuation based on historical trading multiples, past growth patterns, and future business performance estimates. To explore more comprehensive data, visit the CGI Inc (GIB) Summary page.
Through strategic growth initiatives and positive analyst forecasts, CGI Inc (GIB, Financial) appears poised for considerable market success. Investors should consider these promising indicators when evaluating their portfolio strategies.
