Brokerages Set Gibson Energy Inc. (GEI) Price Target at $18.94

Gibson Energy Inc. (TSE:GEI) has been given a consensus rating of “Hold” by the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$18.94.

A number of equities analysts have recently weighed in on GEI shares. National Bank Financial lowered their target price on Gibson Energy from C$19.00 to C$18.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 9th. Raymond James Financial lowered their target price on Gibson Energy from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research note on Friday, November 10th. Scotiabank lowered their target price on Gibson Energy from C$19.00 to C$18.00 and set a “sector perform” rating on the stock in a research note on Friday, November 10th. TD Securities lowered their target price on Gibson Energy from C$18.50 to C$17.50 and set a “hold” rating on the stock in a research note on Friday, November 10th. Finally, GMP Securities lowered their target price on Gibson Energy from C$21.00 to C$20.75 in a research note on Monday, November 13th.

In related news, Director James Estey acquired 10,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were purchased at an average price of C$16.80 per share, for a total transaction of C$168,000.00.

Shares of Gibson Energy (GEI) traded up C$0.03 during midday trading on Friday, hitting C$16.46. The stock had a trading volume of 186,285 shares, compared to its average volume of 328,401. The company has a market capitalization of $2,330.00, a price-to-earnings ratio of -30.48 and a beta of 0.52. Gibson Energy has a one year low of C$15.90 and a one year high of C$20.31.

TRADEMARK VIOLATION NOTICE: “Brokerages Set Gibson Energy Inc. (GEI) Price Target at $18.94” was published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://stocknewstimes.com/2018/02/21/brokerages-set-gibson-energy-inc-gei-price-target-at-18-94.html.

About Gibson Energy

Gibson Energy Inc is a Canada-based integrated service provider to the oil and gas industry with operations across producing regions throughout North America. The Company is engaged in the movement, storage, blending, processing, marketing and distribution of crude oil, condensate, natural gas liquids (NGLs), water, oilfield waste and refined products.

Analyst Recommendations for Gibson Energy (TSE:GEI)

Receive News & Ratings for Gibson Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gibson Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply