Imperial Oil (TSE:IMO) Given New C$205.00 Price Target at UBS Group

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target increased by stock analysts at UBS Group from C$195.00 to C$205.00 in a research report issued on Monday, BayStreet reports. UBS Group’s target price points to a potential upside of 10.87% from the company’s current price.

IMO has been the topic of several other reports. TD boosted their price target on Imperial Oil from C$150.00 to C$151.00 and gave the stock a “sell” rating in a report on Wednesday, August 5th. Desjardins set a C$160.00 target price on shares of Imperial Oil and gave the stock a “hold” rating in a research report on Friday, July 17th. Scotia reduced their target price on shares of Imperial Oil from C$159.00 to C$156.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 5th. JPMorgan Chase & Co. raised their price target on shares of Imperial Oil from C$149.00 to C$158.00 in a research note on Tuesday, July 14th. Finally, National Bank Financial cut their price target on shares of Imperial Oil from C$214.00 to C$209.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 5th. Five equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Imperial Oil has an average rating of “Reduce” and an average target price of C$144.92.

Imperial Oil Price Performance

Shares of IMO traded up C$4.54 during trading hours on Monday, reaching C$184.90. The stock had a trading volume of 812,536 shares, compared to its average volume of 796,696. The company has a debt-to-equity ratio of 17.11, a quick ratio of 0.98 and a current ratio of 1.38. Imperial Oil has a 12 month low of C$114.75 and a 12 month high of C$191.76. The stock has a market capitalization of C$89.42 billion, a PE ratio of 21.60, a PEG ratio of 0.21 and a beta of 0.41. The company’s 50-day moving average is C$179.18 and its two-hundred day moving average is C$174.14.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its quarterly earnings data on Friday, July 31st. The company reported C$4.52 earnings per share for the quarter. Imperial Oil had a return on equity of 18.76% and a net margin of 7.81%.The business had revenue of C$15.98 billion for the quarter. Research analysts expect that Imperial Oil will post 8.6164609 EPS for the current year.

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. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.