Imperial Oil Limited (TSE:IMO) was upgraded by investment analysts at FirstEnergy Capital from a “market perform” rating to an “outperform” rating in a report issued on Wednesday.
Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of Imperial Oil Limited from C$43.00 to C$45.00 in a report on Monday, September 12th. Desjardins set a C$41.00 price target on shares of Imperial Oil Limited in a report on Tuesday, June 28th. Morgan Stanley lifted their price target on shares of Imperial Oil Limited from C$34.00 to C$46.00 in a report on Monday, June 13th. Raymond James Financial Inc. set a C$51.00 price target on shares of Imperial Oil Limited in a report on Monday, June 6th. Finally, TD Securities lowered their price target on shares of Imperial Oil Limited from C$49.00 to C$48.00 and set a “buy” rating for the company in a report on Thursday, August 4th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$45.31.
Imperial Oil Limited (TSE:IMO) opened at 41.55 on Wednesday. Imperial Oil Limited has a 1-year low of $37.25 and a 1-year high of $46.27. The firm has a market capitalization of $35.22 billion and a PE ratio of 118.71. The company’s 50-day moving average price is $40.22 and its 200 day moving average price is $41.00.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Friday, September 2nd will be given a dividend of $0.15 per share. 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 1.44%.
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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