Imperial Oil Limited (IMO) Earns Sector Perform Rating from Scotiabank
Imperial Oil Limited (TSE:IMO)‘s stock had its “sector perform” rating reissued by analysts at Scotiabank in a research report issued to clients and investors on Thursday, StockTargetPrices.com reports. They presently have a C$45.00 target price on the stock. Scotiabank’s target price indicates a potential upside of 14.71% from the company’s current price.
Several other equities research analysts also recently commented on IMO. Raymond James Financial Inc. upgraded shares of Imperial Oil Limited from a “market perform” rating to an “outperform” rating in a research report on Thursday. Royal Bank Of Canada restated a “sector perform” rating and issued a C$47.00 price target on shares of Imperial Oil Limited in a research report on Thursday. CSFB increased their target price on shares of Imperial Oil Limited from C$46.00 to C$48.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 23rd. Morgan Stanley increased their target price on shares of Imperial Oil Limited from C$34.00 to C$46.00 in a research report on Monday, June 13th. Finally, JPMorgan Chase & Co. increased their target price on shares of Imperial Oil Limited from C$43.00 to C$45.00 in a research report on Monday, September 12th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of C$45.31.
Imperial Oil Limited (TSE:IMO) traded up 2.17% during trading on Thursday, reaching $40.08. The company’s stock had a trading volume of 1,056,787 shares. Imperial Oil Limited has a 52-week low of $37.25 and a 52-week high of $46.27. The firm has a market capitalization of $33.97 billion and a price-to-earnings ratio of 114.51. The stock’s 50-day moving average is $40.22 and its 200 day moving average is $41.15.
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The business also recently declared a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Friday, September 2nd will be given a $0.15 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $0.60 annualized dividend and a yield of 1.53%.
About Imperial Oil Limited
Imperial Oil Limited is an integrated oil company. The Company is engaged in the exploration for, and production and sale of, crude oil and natural gas. The Company’s operations are conducted in three segments: Upstream, Downstream and Chemical. Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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