Imperial Oil Limited (IMO) Price Target Cut to C$49.00
Imperial Oil Limited (TSE:IMO) had its price objective dropped by equities researchers at Raymond James Financial Inc. from C$50.00 to C$49.00 in a research note issued on Wednesday, StockTargetPrices.com reports. Raymond James Financial Inc.’s target price points to a potential upside of 13.64% from the stock’s previous close.
Several other equities research analysts have also issued reports on IMO. FirstEnergy Capital raised Imperial Oil Limited from a “market perform” rating to an “outperform” rating in a research note on Wednesday, September 28th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a C$47.00 price objective on shares of Imperial Oil Limited in a research note on Thursday, September 22nd. CSFB raised their price objective on Imperial Oil Limited from C$46.00 to C$48.00 and gave the company a “neutral” rating in a research note on Tuesday, August 23rd. Scotiabank reaffirmed a “sector perform” rating and issued a C$45.00 price objective on shares of Imperial Oil Limited in a research note on Thursday, September 22nd. Finally, TD Securities lowered their price objective on Imperial Oil Limited from C$49.00 to C$48.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Imperial Oil Limited presently has an average rating of “Buy” and a consensus target price of C$45.15.
Shares of Imperial Oil Limited (TSE:IMO) traded up 0.28% during midday trading on Wednesday, reaching $43.24. The company had a trading volume of 240,996 shares. The firm’s 50 day moving average price is $40.50 and its 200-day moving average price is $40.82. The stock has a market capitalization of $36.65 billion and a price-to-earnings ratio of 123.54. Imperial Oil Limited has a 1-year low of $37.25 and a 1-year high of $46.27.
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The company also recently announced a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Friday, September 2nd were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Wednesday, August 31st.
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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