Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target decreased by research analysts at Royal Bank of Canada from C$39.00 to C$37.00 in a report issued on Friday, BayStreet.CA reports. Royal Bank of Canada’s price objective would suggest a potential upside of 14.66% from the stock’s current price.
Other research analysts also recently issued reports about the stock. National Bank Financial upped their target price on shares of Imperial Oil from C$45.00 to C$47.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 2nd. GMP Securities cut their target price on shares of Imperial Oil from C$40.00 to C$38.00 in a research report on Friday, June 28th. Raymond James set a C$37.00 target price on shares of Imperial Oil and gave the company an “underperform” rating in a research report on Monday, August 12th. CIBC upgraded shares of Imperial Oil from an “underperform” rating to a “neutral” rating and upped their target price for the company from C$37.00 to C$38.00 in a research report on Tuesday. Finally, Canaccord Genuity cut their target price on shares of Imperial Oil from C$45.00 to C$42.00 in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of C$40.50.
Imperial Oil stock traded down C$0.36 during trading hours on Friday, reaching C$32.27. 471,842 shares of the company’s stock traded hands, compared to its average volume of 879,032. The company has a debt-to-equity ratio of 21.84, a quick ratio of 1.00 and a current ratio of 1.44. Imperial Oil has a fifty-two week low of C$31.51 and a fifty-two week high of C$44.50. The firm has a market capitalization of $24.71 billion and a price-to-earnings ratio of 8.16. The firm’s 50 day moving average is C$33.95 and its 200-day moving average is C$35.83.
Imperial Oil Company Profile
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, 2018, this segment had 404 million oil-equivalent barrels of proved undeveloped reserves.
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