CGI Now Trades Above Accenture After Selloff, But Likely Not For Long -- Market Talk

Dow Jones
06/19
 

CGI's valuation premium over Accenture may not last, according to Scotiabank analyst Kevin Krishnaratne, who cut the Canadian IT company's price target to C$95 from C$110 after Accenture's sharp selloff inverted the companies' long-standing valuation gap. CGI now trades at a slight premium to Accenture, a sharp reversal from the past five years when Accenture consistently commanded a multiple several turns higher. Krishnaratne says CGI shouldn't trade at a large premium because "ACN is still delivering better organic growth ex-FX," but also says that the stock doesn't deserve a steep discount given its heavier exposure to "defensive" sectors and lower consulting mix. He maintains a sector perform rating on the stock, citing continuing AI-related disruptions across IT services. (adriano.marchese@wsj.com)

 

(END) Dow Jones Newswires

June 19, 2026 09:43 ET (13:43 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10