Canaccord Genuity Lowers Gibson Energy Inc. (GEI) Price Target to C$19.50

Gibson Energy Inc. (TSE:GEI) had its target price dropped by stock analysts at Canaccord Genuity from C$20.00 to C$19.50 in a research report issued on Monday. Canaccord Genuity’s target price points to a potential upside of 20.37% from the stock’s current price.

Several other research firms have also recently commented on GEI. Scotiabank cut their price target on Gibson Energy from C$19.00 to C$18.00 and set a “sector perform” rating for the company in a research note on Friday, November 10th. TD Securities cut their price target on Gibson Energy from C$18.50 to C$17.50 and set a “hold” rating for the company in a research note on Friday, November 10th. Raymond James Financial, Inc. cut their price target on Gibson Energy from C$22.00 to C$21.00 and set an “outperform” rating for the company in a research note on Friday, November 10th. Desjardins cut their price target on Gibson Energy from C$22.00 to C$20.00 in a research note on Monday. Finally, National Bank Financial cut their price target on Gibson Energy from C$19.00 to C$18.00 and set a “sector perform” rating for the company in a research note on Thursday, November 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$18.88.

Shares of Gibson Energy (GEI) opened at C$16.20 on Monday. Gibson Energy has a fifty-two week low of C$15.92 and a fifty-two week high of C$20.31.

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In other Gibson Energy news, Director Sean William Duffee sold 5,000 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of C$17.70, for a total value of C$88,500.00. Insiders sold 27,781 shares of company stock valued at $88,500 in the last quarter.

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.

Analyst Recommendations for Gibson Energy (TSE:GEI)

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