In a new note to investors today, an analyst has provided a rating update for Gibson Energy (GEI). The company received a Hold rating from GMP FirstEnergy’s analyst Ian Gillies, with a C$23 price target.
According to TipRanks.com, Gillies is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -7.7% and a 42.6% success rate. Gillies covers the Basic Materials sector, focusing on stocks such as Precision Drilling, Inter Pipeline Ltd, and Gibson Energy Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gibson Energy with a C$23.50 average price target, a 4.7% upside from current levels. In a report released yesterday, Raymond James also maintained a Hold rating on the stock with a C$23 price target.
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The company has a one-year high of C$23.32 and a one-year low of C$15.68. Currently, Gibson Energy has an average volume of 407.2K.
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$22.45, close to its 52-week high of C$23.32.
