Gibson Energy (TSE:GEI) had its target price lifted by investment analysts at BMO Capital Markets from C$28.00 to C$29.00 in a research note issued on Wednesday, BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 12.93% from the stock’s previous close.
GEI has been the topic of several other reports. CIBC upgraded Gibson Energy from a “neutral” rating to an “outperform” rating and raised their price objective for the company from C$25.00 to C$26.00 in a research note on Tuesday, November 5th. TD Securities upped their target price on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. National Bank Financial upped their target price on shares of Gibson Energy from C$28.00 to C$29.00 and gave the stock an “outperform” rating in a research note on Wednesday. Canaccord Genuity increased their target price on shares of Gibson Energy from C$26.00 to C$28.00 in a report on Wednesday, November 6th. Finally, CSFB reissued a “neutral” rating on shares of Gibson Energy in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$26.77.
Shares of TSE:GEI traded up C$0.55 during mid-day trading on Wednesday, hitting C$25.68. 515,118 shares of the company traded hands, compared to its average volume of 389,754. The stock has a 50-day moving average price of C$24.09 and a two-hundred day moving average price of C$23.36. Gibson Energy has a 12-month low of C$16.90 and a 12-month high of C$26.08. The stock has a market cap of $3.66 billion and a P/E ratio of 23.03. The company has a current ratio of 1.07, a quick ratio of 0.90 and a debt-to-equity ratio of 209.24.
Gibson Energy Inc engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Wholesale segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, injection stations, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals.
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