Gibson Energy (TSE:GEI) had its price objective lifted by stock analysts at Raymond James from C$23.00 to C$25.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James’ target price points to a potential upside of 7.48% from the company’s previous close.
A number of other brokerages also recently commented on GEI. CIBC upped their target price on Gibson Energy from C$22.00 to C$25.00 and gave the stock an “average” rating in a research note on Wednesday. National Bank Financial upped their target price on Gibson Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Wednesday. Canaccord Genuity lowered their target price on Gibson Energy from C$25.00 to C$23.00 in a research note on Thursday, January 10th. GMP Securities upped their target price on Gibson Energy from C$20.50 to C$23.00 and gave the stock a “hold” rating in a research note on Wednesday, March 6th. Finally, JPMorgan Chase & Co. upped their target price on Gibson Energy from C$23.00 to C$24.00 in a research note on Friday, February 1st. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of C$24.13.
Shares of GEI stock opened at C$23.26 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.64 and a debt-to-equity ratio of 163.69. The stock has a market capitalization of $3.43 billion and a PE ratio of 22.43. Gibson Energy has a fifty-two week low of C$16.15 and a fifty-two week high of C$23.75.
Gibson Energy Inc, an integrated midstream company, engages in the movement, storage, optimization, processing, marketing, and distribution of crude oil, condensate, natural gas liquids (NGLs), water, oilfield waste, and refined products in North America. It operates through four segments: Infrastructure, Logistics, Wholesale, and Other.
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