Imperial Oil (TSE:IMO) Price Target Raised to C$110.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target raised by TD Securities from C$101.00 to C$110.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “sell” rating on the stock. TD Securities’ price target points to a potential downside of 32.78% from the company’s current price.

IMO has been the topic of several other reports. Morgan Stanley boosted their target price on shares of Imperial Oil from C$97.00 to C$101.00 in a research report on Thursday, November 20th. BMO Capital Markets downgraded shares of Imperial Oil from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from C$132.00 to C$129.00 in a report on Monday, December 15th. Desjardins upped their target price on shares of Imperial Oil from C$120.00 to C$132.00 and gave the stock a “sell” rating in a research report on Friday. National Bank Financial increased their target price on shares of Imperial Oil from C$127.00 to C$139.00 and gave the company a “sector perform” rating in a report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. boosted their price target on Imperial Oil from C$99.00 to C$108.00 in a research note on Tuesday, February 3rd. Five research analysts have rated the stock with a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, Imperial Oil presently has a consensus rating of “Strong Sell” and an average target price of C$116.20.

Imperial Oil Stock Performance

Shares of TSE IMO traded down C$1.33 during mid-day trading on Monday, hitting C$163.63. 262,705 shares of the company were exchanged, compared to its average volume of 940,201. Imperial Oil has a 1-year low of C$82.98 and a 1-year high of C$169.07. The firm has a market cap of C$79.13 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 0.21 and a beta of 0.95. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 18.04. The stock has a 50 day simple moving average of C$135.81 and a 200-day simple moving average of C$129.84.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings results on Friday, January 30th. The company reported C$1.97 EPS for the quarter. Imperial Oil had a return on equity of 21.23% and a net margin of 10.00%.The business had revenue of C$11.28 billion during the quarter. On average, sell-side analysts forecast that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

About Imperial Oil

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.