Imperial Oil Limited (IMO) Price Target Lowered to C$49.00 at Raymond James Financial Inc.
Other analysts have also recently issued reports about the stock. Scotiabank restated a sector perform rating and set a C$45.00 target price on shares of Imperial Oil Limited in a report on Tuesday, August 2nd. Desjardins set a C$41.00 target price on shares of Imperial Oil Limited in a report on Tuesday, June 28th. Royal Bank Of Canada restated a sector perform rating and set a C$47.00 target price on shares of Imperial Oil Limited in a report on Thursday, September 22nd. TD Securities reduced their target price on shares of Imperial Oil Limited from C$49.00 to C$48.00 and set a buy rating for the company in a report on Thursday, August 4th. Finally, CSFB upped their price target on shares of 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. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of C$45.15.
Shares of Imperial Oil Limited (TSE:IMO) opened at 43.13 on Wednesday. The company’s 50-day moving average is $40.56 and its 200-day moving average is $40.83. The stock has a market capitalization of $36.56 billion and a PE ratio of 123.23. Imperial Oil Limited has a 12 month low of $37.25 and a 12 month high of $46.27.
The business also recently announced a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Friday, September 2nd were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.39%.
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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