Royal Bank Of Canada Reaffirms Sector Perform Rating for Imperial Oil Limited (IMO)
Imperial Oil Limited (TSE:IMO)‘s stock had its “sector perform” rating reaffirmed by stock analysts at Royal Bank Of Canada in a report issued on Thursday, StockTargetPrices.com reports. They currently have a C$47.00 price target on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 19.81% from the stock’s current price.
A number of other equities research analysts have also recently commented 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 raised 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. Scotiabank restated a “sector perform” rating and set a C$45.00 target price on shares of Imperial Oil Limited in a research report on Tuesday, August 2nd. Finally, TD Securities dropped their target price on Imperial Oil Limited from C$49.00 to C$48.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of C$45.31.
Imperial Oil Limited (TSE:IMO) traded up 1.99% during trading on Thursday, reaching $40.01. The company had a trading volume of 668,391 shares. The firm has a market capitalization of $33.91 billion and a P/E ratio of 114.31. Imperial Oil Limited has a 52 week low of $37.25 and a 52 week high of $46.27. The stock 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 firm also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Friday, September 2nd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Wednesday, August 31st.
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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