10:20 AM EDT, 03/25/2024 (MT Newswires) -- RBC Capital Markets said Monday that CGI Inc. (GIB-A.TO)'s job postings were sequentially stable in the fiscal quarter of its fiscal 2024, which is well below peak levels, but down 36% year over year.

RBC said the predictive model from its in-house data science team suggests that CGI's organic growth in the fiscal second quarter is likely to be effectively flat at 1.2% compared to the previous quarter, slightly below consensus of 1.8%.

RBC maintained CGI's outperform rating while noting that as organic growth has a low correlation with the company's long-term shareholder value creation.

CGI also received a $170.00 price target.

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