CGI Renews Normal Course Issuer Bid to Enhance Shareholder Value
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
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Source: PRnewswire
- Bid Renewal: CGI's Board of Directors has authorized the renewal of its Normal Course Issuer Bid, expected to commence on February 6, 2026, aiming to enhance shareholder value by repurchasing up to 18.975 million Class A shares.
- Market Flexibility: Under the current NCIB, CGI has repurchased 12.945 million Class A shares for a total consideration of $1.722 billion, demonstrating the company's ability to effectively utilize funds amid market fluctuations.
- Public Float Proportion: As of January 23, 2026, approximately 99.54% of CGI's Class A shares are publicly held, allowing the company to gradually reduce the number of shares in circulation without significantly impacting market liquidity.
- Trading Limits and Strategy: In accordance with TSX regulations, CGI's daily repurchase limit is set at 115,216 shares, ensuring that the buyback activities do not overly disrupt the market while optimizing repurchase timing through an automated purchase plan.
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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: 86.350
Low
81.00
Averages
129.22
High
270.00
Current: 86.350
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.
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