Imperial Oil (TSE:IMO) Given New C$101.00 Price Target at Royal Bank of Canada

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price increased by equities research analysts at Royal Bank of Canada from C$99.00 to C$101.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. Royal Bank of Canada’s target price would indicate a potential upside of 0.87% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of Imperial Oil from C$94.00 to C$97.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. TD Securities increased their price target on Imperial Oil from C$92.00 to C$93.00 and gave the stock a “hold” rating in a research note on Tuesday. Scotiabank lowered Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 target price for the company. in a research note on Wednesday, September 25th. National Bankshares lowered their price target on Imperial Oil from C$115.00 to C$112.00 in a report on Friday, September 27th. Finally, BMO Capital Markets upped their price target on shares of Imperial Oil from C$115.00 to C$120.00 in a research report on Friday, October 4th. Ten investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$99.71.

Imperial Oil Stock Performance

IMO traded up C$2.47 on Wednesday, reaching C$100.13. The company had a trading volume of 361,328 shares, compared to its average volume of 960,499. The stock has a market capitalization of C$53.65 billion, a PE ratio of 10.48, a P/E/G ratio of 0.21 and a beta of 1.78. The company has a quick ratio of 0.98, a current ratio of 1.40 and a debt-to-equity ratio of 18.27. Imperial Oil has a 1 year low of C$72.03 and a 1 year high of C$108.89. The stock has a 50-day moving average price of C$99.69 and a 200-day moving average price of C$96.75.

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.