The Globe and Mail reports in its Tuesday, Dec. 10, edition that Desjardins Securities analyst Jerome Dubreuil continues to rate CGI "buy," with a $178 share target. The Globe's David Leeder writes in the Eye On Equities column that CGI is Mr. Dubreuil's top IT services idea for 2025.
Mr. Dubreuil says in a note: "With discretionary spending still under pressure and customer delays still present, we prefer lower-beta stories. We believe CGI's high-single-digit EPS growth and its significant amount of dry powder for M&A are attractive, even if prospects for the U.S. government vertical are foggier than usual." The Globe reported on July 30 that BMO Nesbitt Burns analyst Thanos Moschopoulos continued to rank CGI "outperform." It was then worth $149.60. The Globe reported on Aug. 2 and Nov. 8 that Mr. Dubreuil had reaffirmed CGI at "buy." The shares could then be had for $151.05 and $154.81. The Globe reported on Oct. 16 that CIBC World Markets analyst Stephanie Price had elevated her recommendation for CGI to "outperformer" from "neutral." The shares were then going for $159.16.
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