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Compiling comments that experts make about stocks while on public TV.

2017-05-16

Opinion for CGI Group (A) (GIB.A-T)

Signal Price Bias Subject Owned
TOP PICK $66.910 BULLISH NORTH AMERICAN - LARGE Yes

A large IT services company. Half their revenues come from outsourcing from long-term contracts. The other half is systems integration and projects. A very well-run company and very global. Half their revenues come from Europe, an acquisition they did in 2012, which had very low margins. CGI improved those margins back to company levels. About 20% is from the US, 50% from Canada, and the rest from Asia. Every few years, they tend to make a large acquisition to expand their geographic scope or a particular vertical they want to be in. (Analysts’ price target is $74.)

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management

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