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RBC Says CGI Job Postings Decline Suggests Negative Fiscal Q3 Organic Growth
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RBC Says CGI Job Postings Decline Suggests Negative Fiscal Q3 Organic Growth
Jun 24, 2025 9:07 AM

11:35 AM EDT, 06/24/2025 (MT Newswires) -- CGI's job postings declined another 12% quarter-on-quarter in June, which follows a 4% drop last quarter and is the fourth consecutive quarter of sequential declines, writes RBC.

Analyst Paul Treiber notes that the decline in the job postings is another data point that suggests organic growth is likely to remain negative in CGI's fiscal third quarter.

"However, CGI has a track record of creating shareholder value over the long-term; we see M&A and share buybacks helping sustain CGI's adj. EPS growth in the near-term."

Maintain Outperform, $185.00 price target.

Price: 145.93, Change: +0.34, Percent Change: +0.23

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