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Imperial Oil (NYSE:IMO) was upgraded by Scotiabank from an “underperform” rating to a “sector perform” rating in a research note issued on Monday, TheFlyOnTheWall.com reports.

Several other analysts have also recently commented on the stock. Analysts at Raymond James initiated coverage on shares of Imperial Oil in a research note to investors on Tuesday, December 3rd. They set a “market perform” rating and a $50.00 price target on the stock. Separately, analysts at TD Securities downgraded shares of Imperial Oil from a “buy” rating to a “hold” rating in a research note to investors on Friday, November 22nd. Finally, analysts at RBC Capital raised their price target on shares of Imperial Oil from $48.00 to $49.00 in a research note to investors on Wednesday, November 6th. They now have a “sector perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Imperial Oil currently has a consensus rating of “Hold” and an average price target of $49.33.

Imperial Oil (NYSE:IMO) opened at 41.73 on Monday. Imperial Oil has a 52 week low of $37.09 and a 52 week high of $45.67. The stock has a 50-day moving average of $42.65 and a 200-day moving average of $42.82. The company has a market cap of $35.370 billion and a price-to-earnings ratio of 12.07.

Imperial Oil (NYSE:IMO) last issued its quarterly earnings data on Thursday, January 30th. The company reported $1.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.01 by $0.10. Analysts expect that Imperial Oil will post $4.23 EPS for the current fiscal year.

Imperial Oil Limited (NYSE:IMO) is a Canada-based integrated oil company.

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