Imperial Oil Limited Stock Rating Reaffirmed by Raymond James (IMO)
Imperial Oil Limited (TSE:IMO)‘s stock had its “market perform” rating reiterated by investment analysts at Raymond James in a note issued to investors on Monday, Stock Ratings Network.com reports. They currently have a C$52.00 target price on the stock, up from their previous target price of C$50.00. Raymond James’ price target points to a potential upside of 13.74% from the stock’s previous close.
Imperial Oil Limited (TSE:IMO) traded down 0.22% on Monday, hitting $45.72. 621,033 shares of the company’s stock traded hands. Imperial Oil Limited has a 52 week low of $38.58 and a 52 week high of $47.57. The stock has a 50-day moving average of $46.21 and a 200-day moving average of $44.90. The company has a market cap of $38.752 billion and a price-to-earnings ratio of 13.64.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of Imperial Oil Limited from C$46.00 to C$48.00 in a research note to investors on Tuesday, January 7th. They now have a “hold” rating 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 equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The company has an average rating of “Hold” and an average price target of C$49.00.
Imperial Oil Limited (TSE:IMO) is an integrated oil company.
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