Imperial Oil Limited (IMO) Rating Increased to Outperform at Raymond James Financial Inc.
Imperial Oil Limited (TSE:IMO) was upgraded by investment analysts at Raymond James Financial Inc. from a “market perform” rating to an “outperform” rating in a note issued to investors on Thursday, StockTargetPrices.com reports.
A number of other research firms also recently weighed in on IMO. Scotiabank reiterated a “sector perform” rating and issued a C$45.00 price target on shares of Imperial Oil Limited in a research report on Tuesday, August 2nd. Desjardins set a C$41.00 price target on shares of Imperial Oil Limited in a research report on Tuesday, June 28th. TD Securities dropped their price target on shares of Imperial Oil Limited from C$49.00 to C$48.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. JPMorgan Chase & Co. lifted their price target on shares of Imperial Oil Limited from C$43.00 to C$45.00 in a research report on Monday, September 12th. Finally, Morgan Stanley lifted their price target on shares of Imperial Oil Limited from C$34.00 to C$46.00 in a research report on Monday, June 13th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$45.31.
Shares of Imperial Oil Limited (TSE:IMO) traded up 2.17% during trading on Thursday, hitting $40.08. 1,056,787 shares of the stock were exchanged. The firm has a market capitalization of $33.97 billion and a P/E ratio of 114.51. Imperial Oil Limited has a 52 week low of $37.25 and a 52 week high of $46.27. The firm has a 50 day moving average price of $40.22 and a 200 day moving average price of $41.15.
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The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Friday, September 2nd will be given a dividend of $0.15 per share. 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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