Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target upped by investment analysts at Citigroup from C$30.00 to C$31.00 in a research report issued on Thursday, BayStreet.CA reports. Citigroup‘s price target would indicate a potential downside of 12.99% from the stock’s previous close.
Other equities analysts have also issued research reports about the stock. Canaccord Genuity boosted their price target on shares of Imperial Oil from C$39.00 to C$40.00 in a report on Tuesday. CIBC raised shares of Imperial Oil from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from C$37.00 to C$38.00 in a research report on Tuesday, October 15th. Raymond James reaffirmed an “underperform” rating and issued a C$31.00 price objective on shares of Imperial Oil in a research report on Wednesday, November 13th. Tudor Pickering & Holt set a C$37.00 price objective on shares of Imperial Oil and gave the company a “hold” rating in a research report on Tuesday. Finally, Scotiabank cut their price objective on shares of Imperial Oil from C$37.00 to C$36.00 in a research report on Tuesday. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of C$37.38.
Shares of IMO stock traded up C$0.56 on Thursday, hitting C$35.63. The stock had a trading volume of 509,207 shares, compared to its average volume of 712,045. Imperial Oil has a twelve month low of C$31.51 and a twelve month high of C$40.59. The firm has a market cap of $26.40 billion and a P/E ratio of 9.92. The company has a current ratio of 1.45, a quick ratio of 1.07 and a debt-to-equity ratio of 21.91. The company has a fifty day moving average price of C$34.00 and a two-hundred day moving average price of C$34.17.
About Imperial Oil
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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