There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Pembina Pipeline (PBA) and Gibson Energy (GBNXF) with bullish sentiments.
Pembina Pipeline (PBA)
In a report released today, Dennis Fong from Canaccord Genuity maintained a Buy rating on Pembina Pipeline, with a price target of C$40.00. The company’s shares closed last Tuesday at $26.30.
According to TipRanks.com, Fong is a 1-star analyst with an average return of -1.6% and a 41.8% success rate. Fong covers the Utilities sector, focusing on stocks such as PrairieSky Royalty, Abraxas Petroleum, and Birchcliff Energy.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pembina Pipeline with a $28.49 average price target, implying a 9.9% upside from current levels. In a report issued on May 29, Barclays also maintained a Buy rating on the stock with a C$37.00 price target.
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Gibson Energy (GBNXF)
In a report released today, John Bereznicki from Canaccord Genuity maintained a Buy rating on Gibson Energy, with a price target of C$26.00. The company’s shares closed last Tuesday at $16.08.
Bereznicki has an average return of 11.8% when recommending Gibson Energy.
According to TipRanks.com, Bereznicki is ranked #6463 out of 6657 analysts.
Gibson Energy has an analyst consensus of Strong Buy, with a price target consensus of $17.13, implying an 8.1% upside from current levels. In a report issued on May 29, Barclays also maintained a Buy rating on the stock with a C$24.00 price target.
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