Imperial Oil Limited’s (IMO) Sector Perform Rating Reiterated at Scotiabank
Imperial Oil Limited (TSE:IMO)‘s stock had its “sector perform” rating reaffirmed by Scotiabank in a research report issued on Monday. They presently have a C$45.00 price target on the stock. Scotiabank’s target price points to a potential upside of 3.73% from the company’s current price.
Several other research analysts also recently commented on IMO. TD Securities decreased their price objective 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. CSFB raised their price objective 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. JPMorgan Chase & Co. raised their price objective on Imperial Oil Limited from C$43.00 to C$45.00 in a research note on Monday, September 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$47.00 price objective on shares of Imperial Oil Limited in a research note on Thursday, September 22nd. Finally, Raymond James Financial Inc. raised Imperial Oil Limited from a “market perform” rating to an “outperform” rating in a research note on Thursday, September 22nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Imperial Oil Limited has a consensus rating of “Buy” and an average target price of C$45.15.
Imperial Oil Limited (TSE:IMO) traded up 0.28% during trading on Monday, hitting $43.50. 851,491 shares of the company’s stock traded hands. Imperial Oil Limited has a 52-week low of $37.25 and a 52-week high of $46.27. The company’s 50 day moving average price is $41.58 and its 200 day moving average price is $40.97. The company has a market cap of $36.87 billion and a PE ratio of 44.85.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, January 1st. Investors of record on Friday, December 2nd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.38%.
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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