In a new note to investors yesterday, an analyst has provided a rating update for the Materials sector company, Gibson Energy (TSX: GEI). Analyst John Bereznicki from Canaccord Genuity remains bullish on the stock and has a C$22 price target.
Bereznicki has an average return of 14.2% when recommending Gibson Energy.
According to TipRanks.com, Bereznicki is ranked #915 out of 4848 analysts.
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Gibson Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$20.84, a 4.0% upside from current levels. In a report issued on August 9, Desjardins also reiterated a Buy rating on the stock with a C$22 price target.
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The company has a one-year high of C$20.17 and a one-year low of C$15.68. Currently, Gibson Energy has an average volume of 283.1K.
Gibson Energy, Inc. engages in the movement, storage, blending, processing, marketing, and distribution of crude oil, condensate, natural gas liquids, water, oilfield waste, and refined products. It operates through the following segments: Infrastructure, Wholesale, Logistics and Other.
The company’s shares closed on Friday at C$20.03, close to its 52-week high of C$20.17.
