CGI Board Approves Renewal of Normal Course Issuer Bid
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Bid Renewal: CGI's Board has authorized the renewal of its Normal Course Issuer Bid, allowing for the repurchase of up to 18,975,360 Class A shares, aimed at enhancing shareholder value upon TSX approval.
- Market Float: As of January 23, 2026, CGI had 190,635,136 Class A shares outstanding, with approximately 99.54% widely held, indicating strong market acceptance and liquidity.
- Repurchase Details: The new buyback plan is set to commence on February 6, 2026, permitting purchases at market prices, which is expected to positively impact shareholder returns and market perception.
- Historical Performance: Under the current NCIB, CGI has repurchased 12,945,271 Class A shares for a total of $1.72 billion, reflecting a proactive approach to capital management and shareholder engagement.
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 129.22 USD with a low forecast of 81.00 USD and a high forecast of 270.00 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.
7 Analyst Rating
4 Buy
3 Hold
0 Sell
Moderate Buy
Current: 89.190
Low
81.00
Averages
129.22
High
270.00
Current: 89.190
Low
81.00
Averages
129.22
High
270.00
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.
