Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target reduced by equities researchers at GMP Securities from C$38.00 to C$37.00 in a research report issued to clients and investors on Monday, February 4th. GMP Securities’ price objective indicates a potential upside of 4.37% from the stock’s current price.
A number of other research analysts also recently issued reports on IMO. Canaccord Genuity upgraded Imperial Oil from a “hold” rating to a “buy” rating and raised their price target for the stock from C$50.00 to C$52.00 in a research note on Tuesday, October 16th. Goldman Sachs Group upgraded Imperial Oil from a “sell” rating to a “buy” rating in a research note on Friday, October 19th. National Bank Financial raised their price target on Imperial Oil from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 18th. Barclays raised their price target on Imperial Oil from C$49.00 to C$52.00 in a research note on Monday, November 5th. Finally, Royal Bank of Canada raised their price target on Imperial Oil from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 8th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of C$41.50.
Shares of IMO traded up C$0.01 during mid-day trading on Monday, reaching C$35.45. The company’s stock had a trading volume of 1,072,900 shares, compared to its average volume of 1,027,885. Imperial Oil has a 12-month low of C$33.43 and a 12-month high of C$44.91. The company has a market cap of $27.57 billion and a P/E ratio of 12.40. The company has a debt-to-equity ratio of 21.64, a quick ratio of 0.81 and a current ratio of 1.20.
Imperial Oil Company Profile
Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.
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