Gibson Energy (TSE:GEI) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Gibson Energy (TSE:GEI) had its target price hoisted by equities research analysts at Jefferies Financial Group from C$25.00 to C$26.00 in a report issued on Thursday,BayStreet.CA reports. Jefferies Financial Group’s price target suggests a potential upside of 1.60% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the company. BMO Capital Markets raised their target price on Gibson Energy from C$25.00 to C$25.50 in a research note on Thursday, September 5th. Scotiabank raised their target price on Gibson Energy from C$25.00 to C$26.00 in a research note on Thursday. Raymond James raised their target price on Gibson Energy from C$28.50 to C$30.00 in a research note on Thursday. National Bankshares raised their target price 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. Finally, Royal Bank of Canada raised their target price on Gibson Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Gibson Energy has an average rating of “Buy” and an average target price of C$26.70.

Gibson Energy Price Performance

GEI stock opened at C$25.59 on Thursday. The business has a fifty day moving average of C$23.27 and a two-hundred day moving average of C$22.73. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01. 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 has a 52-week low of C$19.42 and a 52-week high of C$26.10.

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.