CIBC Increases Imperial Oil (TSE:IMO) Price Target to C$105.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective lifted by research analysts at CIBC from C$90.00 to C$105.00 in a research report issued on Monday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s price target indicates a potential upside of 8.80% from the company’s current price.

A number of other equities research analysts also recently commented on the company. Desjardins lifted their target price on Imperial Oil from C$86.00 to C$88.00 and gave the company a “hold” rating in a research report on Friday, March 22nd. ATB Capital boosted their price objective on Imperial Oil from C$85.00 to C$90.00 and gave the company a “sector perform” rating in a report on Wednesday, March 20th. JPMorgan Chase & Co. cut their price objective on Imperial Oil from C$97.00 to C$94.00 in a report on Monday, February 12th. TD Securities downgraded Imperial Oil from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$87.00 to C$88.00 in a report on Thursday, February 29th. Finally, BMO Capital Markets boosted their price objective on Imperial Oil from C$95.00 to C$115.00 in a report on Thursday, March 28th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$95.69.

Imperial Oil Price Performance

TSE:IMO opened at C$96.51 on Monday. Imperial Oil has a 52 week low of C$60.19 and a 52 week high of C$101.63. The company has a quick ratio of 0.98, a current ratio of 1.26 and a debt-to-equity ratio of 19.49. The company has a market capitalization of C$51.71 billion, a P/E ratio of 11.37, a P/E/G ratio of 0.21 and a beta of 1.84. The stock’s fifty day moving average is C$90.60 and its two-hundred day moving average is C$82.25.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its earnings results on Friday, February 2nd. The company reported C$2.47 EPS for the quarter, beating analysts’ consensus estimates of C$2.08 by C$0.39. Imperial Oil had a return on equity of 21.91% and a net margin of 9.64%. The company had revenue of C$13.11 billion for the quarter, compared to the consensus estimate of C$16.57 billion. Equities analysts expect that Imperial Oil will post 8.4369527 EPS for the current year.

About Imperial Oil

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.