In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Gibson Energy (GEI). The company received a Buy today from National Bank’s analyst Patrick Kenny, with a C$28 price target.
According to TipRanks.com, Kenny is a 4-star analyst with an average return of 8.8% and a 83.3% success rate. Kenny covers the Basic Materials sector, focusing on stocks such as Inter Pipeline Ltd, Gibson Energy Inc, and Pembina Pipeline.
Currently, the analyst consensus on Gibson Energy is a Moderate Buy with an average price target of C$25.06, representing a 7.0% upside. In a report issued on March 19, Canaccord Genuity also reiterated a Buy rating on the stock with a C$26 price target.
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The company has a one-year high of C$23.63 and a one-year low of C$15.90. Currently, Gibson Energy has an average volume of 419.8K.
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$23.43, close to its 52-week high of C$23.63.
