Imperial Oil (IMO) Price Target Increased to C$41.00 by Analysts at National Bank Financial
Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target increased by research analysts at National Bank Financial from C$39.00 to C$41.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 3.69% from the company’s current price.
A number of other equities analysts have also recently issued reports on the company. TD Securities upped their price objective on Imperial Oil from C$42.00 to C$43.00 and gave the stock a “hold” rating in a report on Thursday, November 2nd. JPMorgan Chase & Co. upped their price objective on Imperial Oil from C$36.00 to C$38.00 and gave the stock an “underweight” rating in a report on Thursday, September 14th. Finally, Barclays cut their price objective on Imperial Oil from C$44.00 to C$38.00 and set an “underweight” rating for the company in a report on Thursday, November 2nd. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Imperial Oil currently has an average rating of “Hold” and a consensus price target of C$42.60.
Imperial Oil (TSE IMO) traded up C$0.24 during trading on Tuesday, reaching C$39.54. The company had a trading volume of 629,366 shares, compared to its average volume of 554,807. Imperial Oil has a twelve month low of C$35.15 and a twelve month high of C$46.20. The stock has a market capitalization of $32,980.00, a PE ratio of 16.20 and a beta of 0.51.
In other Imperial Oil news, Director David Wallace Cornhill purchased 5,500 shares of the stock in a transaction on Wednesday, December 6th. The stock was acquired at an average price of C$39.78 per share, with a total value of C$218,790.00.
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Imperial Oil Company Profile
Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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