In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Gibson Energy (TSX: GEI). The company received a Hold today from RBC Capital’s analyst Robert Kwan, with a C$22 price target.
Kwan has an average return of 8.9% when recommending Gibson Energy.
According to TipRanks.com, Kwan is ranked #197 out of 4850 analysts.
Read also: Crude Oil: Sell Now, Buy Later
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Gibson Energy with a C$20.80 average price target, a 5.7% 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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The company has a one-year high of C$19.66 and a one-year low of C$15.68. Currently, Gibson Energy has an average volume of 282.3K.
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$19.67.
