Gibson Energy (GEI), the Materials sector company was revisited on March 5, and remains undervalued for at least one analyst on the street. Analyst Justin Bouchard from Desjardins remains bullish on the stock and has a C$26 price target.
According to TipRanks.com, Bouchard has currently no stars on a ranking scale of 0-5 stars, with an average return of -9.5% and a 39.2% success rate. Bouchard covers the Basic Materials sector, focusing on stocks such as Imperial Oil Limited, Gibson Energy Inc, and Canadian Natural.
Currently, the analyst consensus on Gibson Energy is a Moderate Buy with an average price target of C$23.50, a 4.1% upside from current levels. In a report issued on March 5, National Bank also maintained a Buy rating on the stock with a C$25 price target.
.
Gibson Energy’s market cap is currently C$3.25B and has a P/E ratio of 65.1. The company has a Price to Book ratio of 4.15.
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 Wednesday at C$22.57, close to its 52-week high of C$23.32.
