Scotiabank Increases Gibson Energy (TSE:GEI) Price Target to C$27.00

Gibson Energy (TSE:GEI) had its price objective increased by Scotiabank from C$26.00 to C$27.00 in a report released on Thursday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

A number of other equities analysts have also recently commented on GEI. Raymond James lifted their price target on shares of Gibson Energy from C$28.50 to C$30.00 in a research note on Thursday, December 5th. CIBC lifted their price target on shares of Gibson Energy from C$27.00 to C$29.00 in a research note on Thursday, December 5th. TD Securities set a C$25.00 price target on shares of Gibson Energy and gave the stock a “hold” rating in a research note on Wednesday, January 15th. BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$25.50 to C$28.00 in a research note on Thursday, December 5th. Finally, Jefferies Financial Group cut shares of Gibson Energy from a “buy” rating to a “hold” rating in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Gibson Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of C$27.00.

Gibson Energy Stock Performance

Shares of TSE:GEI opened at C$23.95 on Thursday. Gibson Energy has a 52 week low of C$20.42 and a 52 week high of C$26.10. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. The firm has a fifty day simple moving average of C$24.87 and a two-hundred day simple moving average of C$23.41. The stock has a market capitalization of C$3.91 billion, a P/E ratio of 18.47, a PEG ratio of 1.85 and a beta of 1.25.

Insider Activity at Gibson Energy

In other Gibson Energy news, 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 bought at an average cost of C$24.85 per share, with a total value of C$49,948.50. Also, Director Curtis Philippon acquired 40,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average cost of C$25.46 per share, for a total transaction of C$1,018,400.00. 0.85% of the stock is currently owned by company insiders.

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.