Topic: How To Invest

The Successful Investor Hotline – Friday, July 5, 2024

Article Excerpt

CGI INC., $138.29, Toronto symbol GIB.A, is your #1 Aggressive Buy for 2024. The company is Canada’s largest provider of computer outsourcing services. It helps its clients automate certain routine functions like accounting and buying supplies. That makes companies more efficient and lets them focus on their main businesses. CGI fuels its growth with a “Build and Buy” strategy. The “Build” part refers to the expansion of its current client relationships and the development of new ones. The “Buy” part involves making acquisitions. Under the Buy part of that strategy, CGI has paid an undisclosed sum for Celero. That firm provides technology services to over 90 credit unions and financial institutions. The acquisition will also let the company cross-sell more of its services to Celero’s clients. In the fiscal year ending September 30, 2024, CGI’s earnings will probably rise 8% to $7.63 a share. The stock trades at an attractive 18.1 times that estimate. CGI is your #1 Aggressive buy for 2024. CGI recent coverage: Hotline for June…