12:54 PM EDT, 10/01/2024 (MT Newswires) -- RBC Capital says the predictive model from its in-house data science team, RBC Elements, suggests that CGI's organic growth is likely to increase to +1.2% in the company's fiscal fourth quarter (September quarter). This is above consensus at +0.3% and up from -0.1% in the third quarter.

"A return to positive organic growth is likely to help sustain CGI's premium valuation multiple, particularly as organic growth has been negative for the last two quarters," analyst Paul Treiber.

Maintain Outperform rating, $170 price target.

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