Scotiabank Issues Positive Forecast for Gibson Energy (TSE:GEI) Stock Price

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

Several other equities analysts also recently weighed in on GEI. JPMorgan Chase & Co. reduced their price target on Gibson Energy from C$27.00 to C$26.00 in a report on Wednesday, October 2nd. Raymond James set a C$28.50 price target on Gibson Energy and gave the company a “strong-buy” rating in a report on Friday, October 11th. National Bankshares raised their price target on Gibson Energy from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. BMO Capital Markets raised their price target on Gibson Energy from C$25.00 to C$25.50 in a report on Thursday, September 5th. Finally, Royal Bank of Canada raised their price target on Gibson Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$26.70.

Gibson Energy Price Performance

Shares of TSE:GEI opened at C$25.59 on Thursday. Gibson Energy has a 1-year low of C$19.42 and a 1-year high of C$26.10. The company has a debt-to-equity ratio of 292.01, a current ratio of 1.18 and a quick ratio of 0.87. The business has a fifty day moving average price of C$23.27 and a 200-day moving average price of C$22.73. The company has a market capitalization of C$4.17 billion, a PE ratio of 24.14, a PEG 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.