Imperial Oil Limited (IMO.TO) (TSE:IMO) PT Raised to C$23.00
Imperial Oil Limited (IMO.TO) (TSE:IMO) (NYSEMKT:IMO) had its price target raised by Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from C$19.00 to C$23.00 in a report issued on Wednesday, BayStreet.CA reports.
IMO has been the subject of several other research reports. JPMorgan Chase & Co. raised shares of Imperial Oil Limited (IMO.TO) from an underperform rating to a neutral rating and boosted their price target for the company from C$18.00 to C$23.00 in a report on Monday, November 2nd. CIBC boosted their price target on shares of Imperial Oil Limited (IMO.TO) from C$22.00 to C$25.00 in a report on Thursday, November 12th. Tudor Pickering reissued a sell rating and issued a C$22.00 price target on shares of Imperial Oil Limited (IMO.TO) in a report on Tuesday, September 15th. Royal Bank of Canada reaffirmed a sector perform rating and issued a C$24.00 price objective on shares of Imperial Oil Limited (IMO.TO) in a research report on Friday, November 6th. Finally, Scotiabank cut their price objective on shares of Imperial Oil Limited (IMO.TO) from C$23.00 to C$22.00 in a research report on Tuesday, October 13th. Four equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. Imperial Oil Limited (IMO.TO) presently has an average rating of Hold and a consensus price target of C$22.65.
Shares of IMO stock opened at C$22.57 on Wednesday. Imperial Oil Limited has a 12-month low of C$10.27 and a 12-month high of C$35.80. The firm has a market capitalization of $16.57 billion and a price-to-earnings ratio of -37.62. The company has a quick ratio of 0.74, a current ratio of 1.27 and a debt-to-equity ratio of 23.60. The firm has a fifty day moving average of C$18.02 and a 200-day moving average of C$20.47.
About Imperial Oil Limited (IMO.TO)
Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. It operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2019, this segment had 397 million oil-equivalent barrels of proved undeveloped reserves.
See Also: What are no-load funds?
Receive News & Ratings for Imperial Oil Limited (IMO.TO) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Oil Limited (IMO.TO) and related companies with MarketBeat.com's FREE daily email newsletter.