Imperial Oil (TSE:IMO – Get Free Report) (NYSEMKT:IMO) had its target price lifted by research analysts at Royal Bank of Canada from C$75.00 to C$77.00 in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 8.28% from the stock’s current price.
Several other research analysts have also weighed in on IMO. CIBC lowered their price target on Imperial Oil from C$80.00 to C$75.00 in a research report on Tuesday, May 23rd. UBS Group set a C$80.00 target price on Imperial Oil and gave the stock a “buy” rating in a report on Wednesday, July 12th. National Bankshares reduced their price target on Imperial Oil from C$88.00 to C$87.00 in a research report on Thursday, June 29th. Scotiabank upped their price target on Imperial Oil from C$72.00 to C$79.00 in a research report on Thursday, April 13th. Finally, ATB Capital upped their price target on Imperial Oil from C$77.00 to C$80.00 in a research report on Monday, April 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$78.44.
Imperial Oil Stock Performance
Shares of TSE:IMO opened at C$71.11 on Thursday. The business has a fifty day moving average of C$66.36 and a 200-day moving average of C$67.34. The firm has a market cap of C$41.54 billion, a PE ratio of 6.11, a price-to-earnings-growth ratio of 0.21 and a beta of 1.90. Imperial Oil has a twelve month low of C$53.43 and a twelve month high of C$79.83. The company has a debt-to-equity ratio of 18.72, a quick ratio of 0.98 and a current ratio of 1.41.
About Imperial Oil
Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores for, and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment is involved in the transportation and refining of crude oil, blending of refined products, and the distribution and marketing of refined products.
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