Imperial Oil Limited (IMO) Price Target Increased to C$48.00 by Analysts at Royal Bank Of Canada
Imperial Oil Limited (TSE:IMO) (NYSE:IMO) had its price objective increased by Royal Bank Of Canada from C$47.00 to C$48.00 in a research note released on Friday. They currently have a sector perform rating on the stock.
A number of other research firms have also recently commented on IMO. RBC Capital Markets increased their price target on Imperial Oil Limited from C$46.00 to C$47.00 in a research note on Monday, November 7th. CSFB upgraded Imperial Oil Limited from a neutral rating to an outperform rating in a research note on Monday, October 24th. JPMorgan Chase & Co. increased their price target on Imperial Oil Limited from C$43.00 to C$45.00 in a research note on Monday, September 12th. Scotiabank reiterated a sector perform rating and issued a C$45.00 price target on shares of Imperial Oil Limited in a research note on Tuesday, August 2nd. Finally, TD Securities decreased their price target on Imperial Oil Limited from C$49.00 to C$48.00 and set a buy rating for the company in a research note on Thursday, August 4th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Imperial Oil Limited presently has an average rating of Buy and an average price target of C$45.57.
Shares of Imperial Oil Limited (TSE:IMO) opened at 44.75 on Friday. The company has a market cap of $37.93 billion and a price-to-earnings ratio of 46.13. Imperial Oil Limited has a 52 week low of $37.25 and a 52 week high of $46.27. The firm’s 50-day moving average is $43.34 and its 200-day moving average is $41.28.
The business also recently announced a quarterly dividend, which will be paid on Sunday, January 1st. Investors of record on Friday, December 2nd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Monday, November 28th.
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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