Imperial Oil Limited (IMO) Rating Reiterated by Scotiabank
Imperial Oil Limited (TSE:IMO)‘s stock had its “sector perform” rating reiterated by research analysts at Scotiabank in a research report issued to clients and investors on Thursday. They currently have a C$45.00 price objective on the stock. Scotiabank’s target price would indicate a potential upside of 14.71% from the stock’s current price.
A number of other research firms also recently weighed in on IMO. Raymond James Financial Inc. set a C$51.00 target price on Imperial Oil Limited in a research report on Monday, June 6th. Morgan Stanley boosted their target price on Imperial Oil Limited from C$34.00 to C$46.00 in a research report on Monday, June 13th. Desjardins set a C$41.00 target price on Imperial Oil Limited in a research report on Tuesday, June 28th. CSFB boosted their target price on 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. Finally, JPMorgan Chase & Co. boosted their target price on Imperial Oil Limited from C$43.00 to C$45.00 in a research report on Monday, September 12th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of C$45.31.
Shares of Imperial Oil Limited (TSE:IMO) traded up 2.68% during midday trading on Thursday, reaching $40.28. The company’s stock had a trading volume of 961,678 shares. Imperial Oil Limited has a 12 month low of $37.25 and a 12 month high of $46.27. The stock has a 50-day moving average of $40.22 and a 200 day moving average of $41.15. The company has a market cap of $34.14 billion and a price-to-earnings ratio of 115.09.
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The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Friday, September 2nd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.53%.
Imperial Oil Limited Company Profile
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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