Imperial Oil Stock Rating Upgraded by FirstEnergy Capital (IMO)
Imperial Oil (NYSE:IMO) was upgraded by research analysts at FirstEnergy Capital from a “market perform” rating to an “outperform” rating in a report released on Monday, AnalystRatingsNetwork.com reports.
Imperial Oil (NYSE:IMO) traded up 0.67% on Monday, hitting $43.48. 15,815 shares of the company’s stock traded hands. Imperial Oil has a 1-year low of $37.09 and a 1-year high of $49.40. The stock has a 50-day moving average of $41.83 and a 200-day moving average of $40.47. The company has a market cap of $36.854 billion and a price-to-earnings ratio of 11.15.
Other equities research analysts have also recently issued reports about the stock. Analysts at CIBC reiterated a “sector underperform” rating on shares of Imperial Oil (NYSE:IMO) in a research note to investors on Wednesday, July 10th. They now have a $44.00 price target on the stock. Analysts at Credit Suisse initiated coverage on shares of Imperial Oil (NYSE:IMO) in a research note to investors on Tuesday, July 2nd. They set a “neutral” rating and a $50.00 price target on the stock.
One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $49.25.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 1st. Investors of record on Wednesday, September 4th will be paid a dividend of $0.12 per share. This represents a $0.47 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Friday, August 30th.
Imperial Oil Limited (NYSE:IMO) is a Canada-based integrated oil company.
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