TD Securities Raises Imperial Oil (TSE:IMO) Price Target to C$107.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective boosted by stock analysts at TD Securities from C$104.00 to C$107.00 in a report released on Tuesday,BayStreet.CA reports. The firm presently has a “sell” rating on the stock. TD Securities’ price objective points to a potential downside of 13.83% from the company’s previous close.

A number of other equities research analysts also recently weighed in on IMO. Tudor Pickering downgraded shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Raymond James Financial upped their target price on shares of Imperial Oil from C$109.00 to C$110.00 in a research note on Monday. Scotiabank increased their price target on shares of Imperial Oil from C$100.00 to C$110.00 in a research report on Friday, July 11th. Royal Bank Of Canada lifted their price objective on Imperial Oil from C$115.00 to C$117.00 and gave the company a “sector perform” rating in a report on Tuesday, October 7th. Finally, Wolfe Research lowered Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 23rd. Six investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of C$107.88.

Imperial Oil Stock Performance

Shares of IMO stock traded down C$2.01 during mid-day trading on Tuesday, reaching C$124.18. The stock had a trading volume of 282,503 shares, compared to its average volume of 815,264. Imperial Oil has a one year low of C$82.98 and a one year high of C$132.08. The firm has a market cap of C$63.21 billion, a PE ratio of 13.69, a P/E/G ratio of 0.21 and a beta of 1.14. The firm’s 50 day simple moving average is C$125.22 and its 200 day simple moving average is C$113.24. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 18.04.

Imperial Oil Company Profile

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves.