Scotiabank Forecasts Strong Price Appreciation for Gibson Energy (TSE:GEI) Stock

Gibson Energy (TSE:GEI) had its price target increased by equities research analysts at Scotiabank from C$26.00 to C$27.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 13.92% from the company’s previous close.

A number of other analysts have also recently issued reports on GEI. TD Securities set a C$25.00 price objective on Gibson Energy and gave the company a “hold” rating in a research report on Wednesday, January 15th. Wells Fargo & Company cut Gibson Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 18th. BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$25.50 to C$28.00 in a research report on Thursday, December 5th. Raymond James boosted their target price on shares of Gibson Energy from C$28.50 to C$30.00 in a research report on Thursday, December 5th. Finally, Jefferies Financial Group downgraded shares of Gibson Energy from a “buy” rating to a “hold” rating in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$27.00.

Gibson Energy Trading Down 1.0 %

Shares of TSE:GEI opened at C$23.70 on Thursday. The firm has a fifty day moving average of C$24.84 and a two-hundred day moving average of C$23.41. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. Gibson Energy has a 12-month low of C$20.42 and a 12-month high of C$26.10. The firm has a market capitalization of C$3.87 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25.

Insiders Place Their Bets

In other Gibson Energy news, Director Curtis Philippon acquired 40,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average price of C$25.46 per share, with a total value of C$1,018,400.00. Also, Senior Officer Kelly Holtby acquired 2,010 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average cost of C$24.85 per share, with a total value of C$49,948.50. Company insiders own 0.85% of the company’s stock.

About Gibson Energy

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.