In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Gibson Energy (GEI). The company received a Hold rating from Scotiabank’s analyst Robert Hope, with a C$23 price target.
According to TipRanks.com, Hope is a 3-star analyst with an average return of 1.5% and a 51.0% success rate. Hope covers the Basic Materials sector, focusing on stocks such as Inter Pipeline Ltd, Gibson Energy Inc, and Pembina Pipeline.
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Gibson Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$22.86.
Gibson Energy’s market cap is currently C$3.2B and has a P/E ratio of 96.6. The company has a Price to Book ratio of 3.90.
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$22.70, close to its 52-week high of C$23.04.
