This top pick continues to impress

Article Excerpt

We picked computer outsourcing specialist CGI as your #1 Aggressive Buy for 2023. This is the seventh year in a row that we’ve selected CGI as a top buy, and our readers have profited from the stock’s 119% rise over that time. Compare that to the 31% gain for the S&P/TSX Composite Index. The company tends to fuel its growth with acquisitions. However, its strong history of successfully absorbing new businesses helps cut that risk. We feel CGI can go much higher over the next few years, particularly as businesses shift more of their computing needs to cloud platforms. The company is also helping its clients integrate artificial intelligence software with their systems to improve efficiency. CGI INC. $139 is your #1 Aggressive Buy for 2023. The company (Toronto symbol GIB.A; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 235.5 million; Market cap: $32.7 billion; Price-to-sales ratio: 2.5; No dividends paid; TSINetwork Rating: Extra Risk; www.cgi.com) is Canada’s largest provider of computer-outsourcing services. CGI helps…