Imperial Oil Limited (TSE:IMO) had its price target reduced by analysts at Raymond James Financial Inc. from C$50.00 to C$49.00 in a research note issued on Wednesday, StockTargetPrices.com reports. Raymond James Financial Inc.’s price objective points to a potential upside of 13.64% from the stock’s previous close.
A number of other equities research analysts also recently weighed in on the stock. FirstEnergy Capital raised shares of Imperial Oil Limited from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 28th. Scotiabank restated a “sector perform” rating and set a C$45.00 price objective on shares of Imperial Oil Limited in a report on Thursday, September 22nd. Royal Bank Of Canada restated a “sector perform” rating and set a C$47.00 price objective on shares of Imperial Oil Limited in a report on Thursday, September 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Imperial Oil Limited from C$43.00 to C$45.00 in a report on Monday, September 12th. Finally, CSFB boosted their price objective on shares of Imperial Oil Limited from C$46.00 to C$48.00 and gave the company a “neutral” rating in a report on Tuesday, August 23rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$45.15.
Imperial Oil Limited (TSE:IMO) traded up 0.28% on Wednesday, hitting $43.24. 241,025 shares of the stock were exchanged. The stock has a market capitalization of $36.65 billion and a P/E ratio of 123.54. The company has a 50 day moving average of $40.50 and a 200 day moving average of $40.82. Imperial Oil Limited has a one year low of $37.25 and a one year high of $46.27.
The business also recently declared a quarterly dividend, which was paid on Saturday, October 1st. Stockholders of record on Friday, September 2nd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Wednesday, August 31st.
About Imperial Oil Limited
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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