CGI Acquires Online Business Systems to Enhance Digital Transformation and Cybersecurity Capabilities
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: 3 day ago
0mins
Source: PRnewswire
- Acquisition Expansion: CGI's acquisition of Online Business Systems, an IT consulting firm based in Winnipeg, is expected to significantly enhance its digital transformation and cybersecurity services for enterprise clients across Canada and the U.S.
- Talent Integration: The acquisition will bring over 350 highly skilled professionals into CGI, further strengthening its technical expertise in digital and security domains, thereby improving customer experience and operational efficiency.
- Market Impact: By integrating Online Business Systems' local expertise, CGI will be better positioned to meet client demands for complex digital and security initiatives, enhancing its competitive edge in the market.
- Strategic Alignment: CGI's acquisition strategy, combined with its global delivery network, aims to accelerate client innovation and operational performance, driving measurable business outcomes.
GIB.N$0.0000%Past 6 months

No Data
Analyst Views on GIB
Wall Street analysts forecast GIB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GIB is 105.29 USD with a low forecast of 81.00 USD and a high forecast of 117.15 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast GIB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GIB is 105.29 USD with a low forecast of 81.00 USD and a high forecast of 117.15 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 91.490

Current: 91.490

downgrade
$105 -> $81
Reason
Jefferies downgraded CGI to Hold from Buy with a price target of $81, down from $105. The company's organic growth is lagging peers due to its greater exposure to underperforming regions and verticals, the analyst tells investors in a research note. Jefferies believes CGI's industry trends are unlikely to improve in 2026, creating downside risk to consensus estimates.
downgrade
$185 -> $160
Reason
Stifel analyst Suthan Sukumar lowered the firm's price target on CGI to C$160 from C$185 and keeps a Buy rating on the shares.
downgrade
$180 -> $149
Reason
CIBC lowered the firm's price target on CGI to C$149 from C$180 and keeps an Outperformer rating on the shares.
Outperformer -> NULL
downgrade
$183 -> $180
Reason
Outperformer -> NULL
Reason
CIBC analyst Stephanie Price lowered the firm's price target on CGI to C$180 from C$183 and keeps an Outperformer rating on the shares.
About GIB
CGI Inc. is a Canada-based independent information technology (IT) and business consulting services company. It delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. Its segments include Western and Southern Europe (France, Portugal and Spain); United States (U.S.) Commercial and State Government; U.S. Federal; Canada; Scandinavia, Northwest and Central-East Europe (primarily Sweden, Netherlands, Norway, Denmark and Czech Republic); United Kingdom (U.K.) and Australia; Germany; Finland, Poland and Baltics; and Asia Pacific Global Delivery Centers of Excellence (mainly India and Philippines) (Asia Pacific). It works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. It also has a presence in other European countries and Morocco.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.