UBS Group Cuts CGI Group (NYSE:GIB) Price Target to $70.00

CGI Group (NYSE:GIB) (TSE:GIB.A) had its price target dropped by research analysts at UBS Group from $79.00 to $70.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. UBS Group’s target price points to a potential upside of 6.96% from the company’s previous close.

A number of other equities research analysts also recently issued reports on GIB. TD Securities upgraded CGI Group to a “strong-buy” rating in a research note on Wednesday, January 28th. Royal Bank Of Canada reissued a “sector perform” rating and set a $100.00 price objective (down from $150.00) on shares of CGI Group in a research report on Thursday. Scotiabank assumed coverage on CGI Group in a research note on Tuesday, January 27th. They issued a “sector perform” rating for the company. Finally, Weiss Ratings lowered CGI Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, CGI Group presently has an average rating of “Hold” and a consensus target price of $83.67.

CGI Group Stock Performance

Shares of CGI Group stock traded down $0.15 during trading hours on Thursday, reaching $65.45. 747,265 shares of the stock traded hands, compared to its average volume of 487,817. The company has a 50 day moving average price of $73.04 and a 200 day moving average price of $82.78. The firm has a market capitalization of $14.05 billion, a price-to-earnings ratio of 12.26 and a beta of 0.58. CGI Group has a one year low of $61.90 and a one year high of $110.07. The company has a quick ratio of 0.70, a current ratio of 0.94 and a debt-to-equity ratio of 0.28.

CGI Group (NYSE:GIB) (TSE:GIB.A) last released its quarterly earnings results on Wednesday, January 28th. The technology company reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.04). The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.08 billion. CGI Group had a net margin of 10.25% and a return on equity of 18.61%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.97 earnings per share. On average, equities research analysts expect that CGI Group will post 6.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CGI Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC increased its stake in shares of CGI Group by 786.2% in the 1st quarter. Millennium Management LLC now owns 81,470 shares of the technology company’s stock worth $8,141,000 after purchasing an additional 72,277 shares in the last quarter. Kepler Cheuvreux Suisse SA boosted its holdings in CGI Group by 7.5% in the 4th quarter. Kepler Cheuvreux Suisse SA now owns 78,358 shares of the technology company’s stock worth $7,232,000 after buying an additional 5,457 shares during the period. Mediolanum International Funds Ltd boosted its holdings in CGI Group by 35.1% in the 3rd quarter. Mediolanum International Funds Ltd now owns 67,190 shares of the technology company’s stock worth $5,972,000 after buying an additional 17,448 shares during the period. Davis Rea LTD. boosted its holdings in CGI Group by 15.9% in the 4th quarter. Davis Rea LTD. now owns 42,200 shares of the technology company’s stock worth $3,900,000 after buying an additional 5,779 shares during the period. Finally, Jane Street Group LLC boosted its holdings in CGI Group by 29.4% in the 1st quarter. Jane Street Group LLC now owns 12,858 shares of the technology company’s stock worth $1,284,000 after buying an additional 2,921 shares during the period. 66.68% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting CGI Group

Here are the key news stories impacting CGI Group this week:

• Positive Sentiment: Strategic partnership with Cleura expands CGI’s sovereign cloud and AI offerings in the Nordics, improving its addressable market for regulated cloud workloads and strengthening European-delivery credentials. CGI expands sovereign cloud and AI offerings through strategic partnership with Cleura in the Nordics
• Positive Sentiment: Q2 fiscal 2026 results showed EPS accretion and modest revenue growth, strong bookings ($4.31B) and a large backlog (~$31.5B), supporting revenue visibility and margin expansion over time. These operating metrics underpin medium-term fundamentals. CGI reports second quarter Fiscal 2026 results
• Positive Sentiment: Analyst estimate revisions and Zacks coverage point to upside potential—consensus targets imply meaningful upside and some commentators flag the stock as technically oversold, which could support a near-term rebound if sentiment improves. Down 9.2% in 4 Weeks, Here’s Why CGI (GIB) Looks Ripe for a Turnaround
• Positive Sentiment: Zacks notes the average analyst price target implies roughly ~34% upside — a reminder that consensus expectations are bullish even if sentiment is uneven. Wall Street Analysts Predict a 34.19% Upside in CGI (GIB)
• Neutral Sentiment: CGI declared a quarterly dividend of $0.17 per share (ex-div May 15, payable June 19). Yield is modest (~1.0%) and unlikely to materially shift wider sentiment.
• Neutral Sentiment: Q2 earnings per share matched consensus ($1.65) while revenue was slightly below some estimates — this explains the muted immediate market reaction despite healthy margins and cash flow. CGI Group (GIB) Q2 Earnings Match Estimates
• Negative Sentiment: Royal Bank of Canada reaffirmed a “sector perform” rating but cut its price target sharply from $150 to $100 — the sizeable cut injects near-term downward pressure on sentiment despite the target still implying upside from current levels. Benzinga coverage of RBC rating

CGI Group Company Profile

CGI Group Inc is a global information technology and business consulting firm that delivers a broad range of services including IT consulting, systems integration, application development and maintenance, infrastructure and network services, managed IT and business process outsourcing. The company works with clients to design, build and operate IT systems and business solutions, with capabilities spanning cloud and hybrid IT environments, cybersecurity, data analytics and artificial intelligence, digital transformation and enterprise resource planning implementations.

Founded in 1976 in Quebec by Serge Godin and André Imbeau, CGI has grown from a regional systems integrator into a multinational professional services organization.