Shares of Imperial Oil Limited (TSE:IMO) have been assigned a consensus recommendation of “Buy” from the fourteen research firms that are presently covering the firm. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$45.73.
A number of research analysts have recently weighed in on the company. Royal Bank Of Canada restated a “sector perform” rating and issued a C$47.00 target price on shares of Imperial Oil Limited in a report on Thursday, September 22nd. FirstEnergy Capital upgraded Imperial Oil Limited from a “market perform” rating to an “outperform” rating in a report on Wednesday, September 28th. CSFB raised their target price on 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. Scotiabank restated a “sector perform” rating and issued a C$45.00 target price on shares of Imperial Oil Limited in a report on Thursday, September 22nd. Finally, Morgan Stanley raised their target price on Imperial Oil Limited from C$34.00 to C$46.00 in a report on Monday, June 13th.
Shares of Imperial Oil Limited (TSE:IMO) opened at 41.33 on Thursday. The stock’s 50 day moving average price is $40.23 and its 200-day moving average price is $40.88. The company has a market capitalization of $35.03 billion and a P/E ratio of 118.09. Imperial Oil Limited has a 52-week low of $37.25 and a 52-week high of $46.27.
The company also recently announced a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Friday, September 2nd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Wednesday, August 31st.
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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