Gibson Energy Inc (TSE:GEI) Has Just Had Its Price Objective Cut by Professional Analysts at Canaccord Genuity to $20.00

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Analysis: Gibson Energy Inc (TSE:GEI) Price Target Change Today

In analysts note shared with investors by Canaccord Genuity on 10 December, the firm, Gibson Energy Inc (TSE:GEI), had their target price per share downgraded to $20.00. Analusts right now have a solid “Buy” rating on the stock.

From a total of 12 analysts covering Gibson Energy Inc (TSE:GEI) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 62% of the ratings are positive. The highest target price is $20.65 while the lowest target price is $13.64. The mean of all analyst targets is $16.99 with a 71.88% above today’s ($13.8) stock price. Gibson Energy Inc was the topic of 17 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. TD Securities downgraded shares on November 5 to “Hold” rating.

Approximately 491,603 shares of stock traded hands or 21.52% up from the average. Gibson Energy Inc. (TSE:GEI) has declined 46.20% since May 7, 2015 and is downtrending. It has underperformed by 44.26% the S&P500.

Gibson Energy Inc (TSE:GEI) Has Just Had Its Price Objective Cut by Professional Analysts at Canaccord Genuity to $20.00

Gibson Energy Inc. is an integrated service well-known provider to the gas and oil industry with activities across regions throughout North America. The company has a market cap of $1.74 billion. Gibson 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. It currently has negative earnings. The Firm operates through six divisions: Terminals and Pipelines, Environmental Services, Truck Transportation, Propane and NGL Marketing and Distribution, Processing and Wellsite Fluids, and Marketing.

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