Imperial Oil Limited (TSE:IMO)‘s stock had its “sector perform” rating restated by Scotiabank in a research report issued on Thursday. They currently have a C$45.00 price target on the stock. Scotiabank’s target price would suggest a potential upside of 13.64% from the stock’s current price.
Several other analysts have also commented on the company. Raymond James Financial Inc. raised Imperial Oil Limited from a “market perform” rating to an “outperform” rating in a report on Thursday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$47.00 price target on shares of Imperial Oil Limited in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on Imperial Oil Limited from C$43.00 to C$45.00 in a research note on Monday, September 12th. CSFB lifted their price target on Imperial Oil Limited from C$46.00 to C$48.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 23rd. Finally, TD Securities lowered their price target on Imperial Oil Limited from C$49.00 to C$48.00 and set a “buy” rating on the stock in a research note on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Imperial Oil Limited has an average rating of “Hold” and an average target price of C$45.31.
Imperial Oil Limited (TSE:IMO) opened at 39.60 on Thursday. Imperial Oil Limited has a 12-month low of $37.25 and a 12-month high of $46.27. The stock has a market capitalization of $33.56 billion and a PE ratio of 113.14. The company has a 50-day moving average price of $40.23 and a 200-day moving average price of $41.11.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Friday, September 2nd will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.52%.
Imperial Oil Limited Company Profile
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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