Gibson Energy (GEI) Price Target Raised to C$19.50 at TD Securities
Other analysts have also issued reports about the company. National Bank Financial raised their price objective on Gibson Energy from C$19.00 to C$21.00 and gave the company a sector perform rating in a research note on Thursday, August 9th. BMO Capital Markets raised their price objective on Gibson Energy from C$19.00 to C$20.00 in a research note on Thursday, August 9th. Industrial Alliance Securities raised their price objective on Gibson Energy from C$19.50 to C$22.00 in a research note on Thursday, August 9th. CIBC reduced their price objective on Gibson Energy from C$17.50 to C$17.00 in a research note on Wednesday, May 9th. Finally, Raymond James lowered Gibson Energy from an outperform rating to a market perform rating and reduced their price objective for the company from C$20.00 to C$18.50 in a research note on Tuesday, April 24th. Six equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of Hold and an average price target of C$20.39.
TSE:GEI opened at C$19.87 on Friday. Gibson Energy has a twelve month low of C$15.68 and a twelve month high of C$20.17.
In other news, Director Steven R. Spaulding purchased 11,760 shares of the business’s stock in a transaction dated Friday, May 18th. The shares were purchased at an average cost of C$16.99 per share, with a total value of C$199,802.40.
About Gibson Energy
Gibson Energy Inc, an integrated midstream company, engages in the movement, storage, optimization, processing, marketing, and distribution of crude oil, condensate, natural gas liquids (NGLs), water, oilfield waste, and refined products in North America. It operates through four segments: Infrastructure, Logistics, Wholesale, and Other.
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