Imperial Oil Limited’s (IMO) “Sector Perform” Rating Reaffirmed at Royal Bank Of Canada
Imperial Oil Limited (TSE:IMO)‘s stock had its “sector perform” rating reiterated by equities research analysts at Royal Bank Of Canada in a report released on Thursday. They presently have a C$47.00 price target on the stock. Royal Bank Of Canada’s target price points to a potential upside of 19.81% from the company’s previous close.
IMO has been the topic of a number of other research reports. Raymond James Financial Inc. set a C$51.00 target price on shares of Imperial Oil Limited in a research report on Monday, June 6th. Morgan Stanley raised their target price on shares of Imperial Oil Limited from C$34.00 to C$46.00 in a research report on Monday, June 13th. Desjardins set a C$41.00 target price on shares of Imperial Oil Limited in a research report on Tuesday, June 28th. Scotiabank restated a “sector perform” rating and issued a C$45.00 target price on shares of Imperial Oil Limited in a research report on Tuesday, August 2nd. Finally, TD Securities cut their target price on shares of Imperial Oil Limited from C$49.00 to C$48.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of C$45.31.
Imperial Oil Limited (TSE:IMO) traded up 1.619% during mid-day trading on Thursday, hitting $39.865. 560,330 shares of the company were exchanged. The company’s 50-day moving average is $40.22 and its 200 day moving average is $41.15. Imperial Oil Limited has a 12-month low of $37.25 and a 12-month high of $46.27. The company has a market capitalization of $33.79 billion and a P/E ratio of 113.900.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Friday, September 2nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.53%.
About Imperial Oil Limited
Imperial Oil Limited is an integrated oil company. The Company is engaged in the exploration for, and production and sale of, crude oil and natural gas. The Company’s operations are conducted in three segments: Upstream, Downstream and Chemical. Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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