Imperial Oil (TSE:IMO) Price Target Increased to C$115.00 by Analysts at BMO Capital Markets

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target increased by equities research analysts at BMO Capital Markets from C$95.00 to C$115.00 in a report released on Thursday, BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 23.06% from the stock’s previous close.

Several other research analysts have also recently commented on IMO. TD Securities cut shares of Imperial Oil from a “buy” rating to a “hold” rating and raised their target price for the stock from C$87.00 to C$88.00 in a report on Thursday, February 29th. JPMorgan Chase & Co. lowered their price objective on shares of Imperial Oil from C$97.00 to C$94.00 in a research report on Monday, February 12th. National Bankshares increased their target price on Imperial Oil from C$89.00 to C$90.00 and gave the company a “sector perform” rating in a report on Friday, March 1st. Morgan Stanley raised their price target on shares of Imperial Oil from C$78.00 to C$80.00 in a report on Wednesday, November 29th. Finally, Desjardins boosted their target price on Imperial Oil from C$86.00 to C$88.00 and gave the company a “hold” rating in a research note on Friday, March 22nd. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$90.77.

Imperial Oil Price Performance

Shares of TSE IMO traded up C$0.16 during trading on Thursday, hitting C$93.45. The company had a trading volume of 158,395 shares, compared to its average volume of 932,322. The company has a market cap of C$50.07 billion, a P/E ratio of 11.01, a PEG ratio of 0.21 and a beta of 1.84. The company has a debt-to-equity ratio of 19.49, a quick ratio of 0.98 and a current ratio of 1.26. The business’s 50-day moving average is C$82.76 and its 200 day moving average is C$79.96. Imperial Oil has a 52 week low of C$60.19 and a 52 week high of C$94.25.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its earnings results on Friday, February 2nd. The company reported C$2.47 EPS for the quarter, beating the consensus estimate of C$2.08 by C$0.39. Imperial Oil had a return on equity of 21.91% and a net margin of 9.64%. The business had revenue of C$13.11 billion during the quarter, compared to the consensus estimate of C$16.57 billion. Equities research analysts predict that Imperial Oil will post 8.2192982 earnings per share for the current fiscal year.

Imperial Oil Company Profile

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.