Raymond James Financial Inc. upgraded shares of Imperial Oil Limited (TSE:IMO) from a market perform rating to an outperform rating in a research report sent to investors on Thursday.

Several other analysts have also recently issued reports on IMO. Morgan Stanley raised their target price on Imperial Oil Limited from C$34.00 to C$46.00 in a research note on Monday, June 13th. Desjardins set a C$41.00 target price on Imperial Oil Limited in a research note on Tuesday, June 28th. Scotiabank reaffirmed a sector perform rating and set a C$45.00 price objective on shares of Imperial Oil Limited in a research report on Tuesday, August 2nd. TD Securities cut their price objective on 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. Finally, CSFB lifted their price objective on Imperial Oil Limited from C$46.00 to C$48.00 and gave the company a neutral rating in a research report on Tuesday, August 23rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of C$45.31.

Imperial Oil Limited (TSE:IMO) opened at 40.13 on Thursday. The stock has a 50 day moving average price of $40.23 and a 200 day moving average price of $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 $34.01 billion and a price-to-earnings ratio of 114.66.

The firm also recently announced 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 annualized dividend and a dividend yield of 1.50%.

Imperial Oil Limited Company Profile

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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