Gibson Energy Inc. (GEI) Price Target Cut to C$18.00 by Analysts at BMO Capital Markets
Gibson Energy Inc. (TSE:GEI) had its target price cut by investment analysts at BMO Capital Markets from C$20.00 to C$18.00 in a note issued to investors on Wednesday. BMO Capital Markets’ price target suggests a potential upside of 8.37% from the company’s current price.
A number of other analysts have also issued reports on the stock. AltaCorp Capital lowered shares of Gibson Energy from an “outperform” rating to a “sector perform” rating in a research note on Monday, June 26th. TD Securities decreased their price target on shares of Gibson Energy from C$20.00 to C$19.50 and set a “hold” rating for the company in a research report on Wednesday, May 10th. CIBC decreased their price target on shares of Gibson Energy from C$20.00 to C$19.00 in a research report on Wednesday, May 10th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Gibson Energy in a research report on Tuesday, May 9th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of C$19.90.
Gibson Energy (GEI) traded up 0.78% on Wednesday, reaching $16.74. 176,661 shares of the company’s stock traded hands. Gibson Energy has a 52 week low of $13.95 and a 52 week high of $20.31. The firm’s market capitalization is $2.39 billion. The stock has a 50-day moving average of $17.30 and a 200 day moving average of $18.58.
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Gibson Energy Company Profile
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.
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