Gibson Energy (TSE:GEI) was upgraded by stock analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a C$31.00 target price on the stock, up from their previous target price of C$27.00. Royal Bank of Canada’s price target points to a potential upside of 18.32% from the company’s previous close.
A number of other equities analysts also recently issued reports on GEI. Raymond James reiterated an “outperform” rating and set a C$25.00 price objective on shares of Gibson Energy in a research note on Tuesday, November 5th. BMO Capital Markets boosted their price objective on shares of Gibson Energy from C$26.00 to C$28.00 in a research note on Monday, September 9th. CIBC upgraded Gibson Energy from a “neutral” rating to an “outperform” rating and upped their target price for the stock from C$25.00 to C$26.00 in a report on Tuesday, November 5th. TD Securities upped their target price on Gibson Energy from C$24.00 to C$25.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Finally, National Bank Financial increased their target price on Gibson Energy from C$28.00 to C$29.00 and gave the company an “outperform” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of C$26.77.
Shares of Gibson Energy stock opened at C$26.20 on Wednesday. The company has a debt-to-equity ratio of 209.24, a current ratio of 1.07 and a quick ratio of 0.90. The stock has a market cap of $3.73 billion and a price-to-earnings ratio of 23.50. The firm’s 50-day moving average is C$24.23 and its two-hundred day moving average is C$23.38. Gibson Energy has a 1 year low of C$16.90 and a 1 year high of C$26.25.
Gibson Energy Inc engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Wholesale segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, injection stations, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals.
Further Reading: What is a capital gain?
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.