Gibson Energy (TSX: GEI), the Materials sector company was revisited yesterday, yet the Wall Street analyst remains currently on the sidelines. Analyst Robert Catellier from CIBC reiterated a Hold rating, with a C$19 price target.
Catellier has an average return of 2.6% when recommending Gibson Energy.
According to TipRanks.com, Catellier is ranked #1832 out of 4850 analysts.
Read also: Crude Oil: Sell Now, Buy Later
Gibson Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$20.50, a 1.7% upside from current levels. In a report released yesterday, Scotiabank also reiterated a Hold rating on the stock with a C$20 price target.
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Gibson Energy’s market cap is currently C$2.82B and has a P/E ratio of 85.2. The company has a Price to Book ratio of 3.27.
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$20.16.
