Today, an analyst has provided a rating update for the Materials sector company, Gibson Energy (GEI). Analyst Patrick Kenny from National Bank rated Gibson Energy (GEI) a Buy, setting a C$24 price target.
According to TipRanks.com, Kenny is a 2-star analyst with an average return of 3.5% and a 50.0% success rate. Kenny 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$22.75, which is a 0.4% upside from current levels. In a report issued on October 29, Desjardins also reiterated a Buy rating on the stock with a C$25 price target.
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The company has a one-year high of C$23.04 and a one-year low of C$15.68. Currently, Gibson Energy has an average volume of 294.9K.
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$22.66, close to its 52-week high of C$23.04.
