Top25-SA-Banner

RBC Capital Sticks to Its Hold Rating for Gibson Energy (GEI)


Gibson Energy (GEI) has received a rating update from a Wall Street analyst today. Analyst Robert Kwan from RBC Capital rated Gibson Energy (GEI) a Hold, setting a C$24 price target.

Kwan has an average return of 8.9% when recommending Gibson Energy.

According to TipRanks.com, Kwan is ranked #197 out of 4918 analysts.

Read also: Direxion Daily Jr Gld Mnrs (JNUG): Gold Stocks Recovering

Gibson Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$23.47, a 5.7% upside from current levels. In a report released yesterday, Scotiabank also reiterated a Hold rating on the stock with a C$23 price target.

.

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 301.4K.

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 Thursday at C$22.20, close to its 52-week high of C$23.32.