Imperial Oil Limited (IMO) Price Target Raised to C$48.00 at RBC Capital Markets
Imperial Oil Limited (TSE:IMO) (NYSE:IMO) had its target price raised by RBC Capital Markets from C$47.00 to C$48.00 in a research report report published on Friday morning. RBC Capital Markets currently has a sector perform rating on the stock.
Other research analysts have also recently issued reports about the company. Raymond James Financial Inc. lowered their price target on Imperial Oil Limited from C$50.00 to C$49.00 in a report on Wednesday, October 12th. JPMorgan Chase & Co. boosted their price target on Imperial Oil Limited from C$43.00 to C$45.00 in a report on Monday, September 12th. FirstEnergy Capital raised Imperial Oil Limited from a market perform rating to an outperform rating in a report on Wednesday, September 28th. CSFB raised Imperial Oil Limited from a neutral rating to an outperform rating in a report on Monday, October 24th. Finally, Royal Bank Of Canada boosted their price target on Imperial Oil Limited from C$46.00 to C$47.00 and gave the stock a sector perform rating in a report on Monday, November 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Imperial Oil Limited presently has a consensus rating of Buy and an average price target of C$45.57.
Imperial Oil Limited (TSE:IMO) opened at 44.75 on Friday. The stock has a 50 day moving average of $43.34 and a 200 day moving average of $41.28. Imperial Oil Limited has a one year low of $37.25 and a one year high of $46.27. The company has a market cap of $37.93 billion and a PE ratio of 46.13.
The business also recently announced a quarterly dividend, which will be paid on Sunday, January 1st. Stockholders 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 1.34%. 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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