Analysts Set Imperial Oil Limited (TSE:IMO) PT at $45.73
Imperial Oil Limited (TSE:IMO) has received an average recommendation of “Buy” from the fourteen brokerages that are currently covering the stock. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$45.73.
Several research analysts have recently commented on the stock. Raymond James Financial Inc. set a C$51.00 price target on shares of Imperial Oil Limited in a report on Monday, June 6th. CSFB lifted their price target on shares of 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. FirstEnergy Capital raised shares of Imperial Oil Limited from a “market perform” rating to an “outperform” rating in a report on Wednesday. Scotiabank reaffirmed a “sector perform” rating and issued a C$45.00 price target on shares of Imperial Oil Limited in a report on Tuesday, August 2nd. Finally, 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.
Imperial Oil Limited (TSE:IMO) opened at 41.04 on Thursday. The firm’s 50-day moving average is $40.23 and its 200 day moving average is $40.98. The firm has a market capitalization of $34.79 billion and a price-to-earnings ratio of 117.26. Imperial Oil Limited has a 12 month low of $37.25 and a 12 month high of $46.27.
The business also recently declared a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Friday, September 2nd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.46%.
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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