Imperial Oil Limited (TSE:IMO)‘s stock had its “sector perform” rating reissued by Royal Bank Of Canada in a research note issued to investors on Thursday, StockTargetPrices.com reports. They currently have a C$47.00 target price on the stock. Royal Bank Of Canada’s price target points to a potential upside of 18.69% from the company’s previous close.
Several other analysts have also recently weighed in on IMO. CSFB upped their price objective on shares of 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. Morgan Stanley upped their price objective on shares of Imperial Oil Limited from C$34.00 to C$46.00 in a research note on Monday, June 13th. JPMorgan Chase & Co. upped their target price on shares of Imperial Oil Limited from C$43.00 to C$45.00 in a research report on Monday, September 12th. TD Securities reduced their target price on shares of Imperial Oil Limited from C$49.00 to C$48.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. Finally, Desjardins set a C$41.00 target price on shares of Imperial Oil Limited in a research report on Tuesday, June 28th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Imperial Oil Limited has a consensus rating of “Hold” and an average price target of C$45.31.
Imperial Oil Limited (TSE:IMO) opened at 39.60 on Thursday. Imperial Oil Limited has a 52-week low of $37.25 and a 52-week high of $46.27. The stock has a market capitalization of $33.56 billion and a PE ratio of 113.14. The firm’s 50-day moving average is $40.23 and its 200 day moving average is $41.11.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Friday, September 2nd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.60 annualized dividend 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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