Imperial Oil Limited Price Target Raised to C$48.00 at Canaccord Genuity (IMO)
Canaccord Genuity hoisted their price target on shares of Imperial Oil Limited (TSE:IMO) from C$46.00 to C$48.00 in a research note issued on Tuesday, American Banking News reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price target would suggest a potential upside of 4.39% from the stock’s previous close.
Imperial Oil Limited (TSE:IMO) traded up 1.74% during mid-day trading on Tuesday, hitting $46.78. 191,765 shares of the company’s stock traded hands. Imperial Oil Limited has a 1-year low of $38.58 and a 1-year high of $47.57. The stock has a 50-day moving average of $46.0 and a 200-day moving average of $44.42. The company has a market cap of $39.651 billion and a P/E ratio of 13.68.
Several other analysts have also recently commented on the stock. Analysts at Raymond James reiterated a “market perform” rating on shares of Imperial Oil Limited in a research note to investors on Tuesday, December 3rd. They now have a C$50.00 price target on the stock. Separately, analysts at Desjardins initiated coverage on shares of Imperial Oil Limited in a research note to investors on Monday, November 25th. They set a “hold” rating on the stock. Finally, analysts at TD Securities downgraded shares of Imperial Oil Limited from a “buy” rating to a “hold” rating in a research note to investors on Friday, November 22nd. They now have a C$52.00 price target on the stock. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Imperial Oil Limited currently has a consensus rating of “Hold” and an average target price of C$48.67.
Imperial Oil Limited (TSE:IMO) is an integrated oil company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.