Imperial Oil Ltd (IMO) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) have been given an average rating of “Hold” by the twelve brokerages that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$42.10.
Several equities analysts have recently issued reports on the company. TD Securities lifted their price objective on Imperial Oil from C$42.00 to C$43.00 and gave the company a “hold” rating in a research note on Thursday, November 2nd. Barclays decreased their price objective on Imperial Oil from C$44.00 to C$38.00 and set an “underweight” rating for the company in a research note on Thursday, November 2nd. J P Morgan Chase & Co lifted their price objective on Imperial Oil from C$36.00 to C$38.00 and gave the company an “underweight” rating in a research note on Thursday, September 14th. Finally, AltaCorp Capital cut Imperial Oil from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, August 23rd.
Imperial Oil (TSE:IMO) opened at C$38.00 on Monday. Imperial Oil has a 52-week low of C$35.15 and a 52-week high of C$48.72.
In other Imperial Oil news, Director David Wallace Cornhill bought 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average price of C$39.78 per share, for a total transaction of C$218,790.00.
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About Imperial Oil
Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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