Imperial Oil Limited (IMO) Price Target Cut to C$49.00 by Analysts at Raymond James Financial Inc.
Imperial Oil Limited (TSE:IMO) had its price objective reduced by stock analysts at Raymond James Financial Inc. from C$50.00 to C$49.00 in a research note issued to investors on Wednesday. Raymond James Financial Inc.’s price objective would indicate a potential upside of 13.64% from the stock’s current price.
A number of other equities analysts have also commented on the stock. FirstEnergy Capital raised shares of Imperial Oil Limited from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 28th. Scotiabank reaffirmed a “sector perform” rating and issued a C$45.00 price objective on shares of Imperial Oil Limited in a research note on Thursday, September 22nd. 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. JPMorgan Chase & Co. raised their price objective on shares of Imperial Oil Limited from C$43.00 to C$45.00 in a research note on Monday, September 12th. Finally, CSFB raised 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$45.15.
Imperial Oil Limited (TSE:IMO) traded up 0.28% during mid-day trading on Wednesday, hitting $43.24. The stock had a trading volume of 241,025 shares. The stock has a market cap of $36.65 billion and a PE ratio of 123.54. The firm’s 50-day moving average is $40.50 and its 200 day moving average is $40.82. Imperial Oil Limited has a one year low of $37.25 and a one year high of $46.27.
The firm also recently declared a quarterly dividend, which was paid on Saturday, October 1st. Stockholders of record on Friday, September 2nd were issued 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 1.39%.
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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