CIBC Raises Gibson Energy (TSE:GEI) Price Target to C$29.00

Gibson Energy (TSE:GEI) had its price target hoisted by research analysts at CIBC from C$27.00 to C$29.00 in a report released on Thursday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 13.33% from the company’s current price.

Several other research analysts have also recently commented on GEI. JPMorgan Chase & Co. cut their price target on Gibson Energy from C$27.00 to C$26.00 in a research note on Wednesday, October 2nd. Raymond James boosted their price target on Gibson Energy from C$28.50 to C$30.00 in a research note on Thursday. National Bankshares boosted their price target on Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Scotiabank boosted their price target on Gibson Energy from C$25.00 to C$26.00 in a research note on Thursday. Finally, Jefferies Financial Group boosted their price target on Gibson Energy from C$25.00 to C$26.00 in a research note on Thursday. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Gibson Energy currently has an average rating of “Buy” and a consensus target price of C$26.70.

Gibson Energy Stock Performance

TSE:GEI opened at C$25.59 on Thursday. The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18. Gibson Energy has a one year low of C$19.42 and a one year high of C$26.10. The business’s 50-day simple moving average is C$23.27 and its 200 day simple moving average is C$22.73. The stock has a market cap of C$4.17 billion, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25.

Gibson Energy Company Profile

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.