Imperial Oil Ltd (IMO) Given Consensus Recommendation of “Hold” by Analysts
Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) has been given a consensus rating of “Hold” by the fifteen analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$43.82.
Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada reduced their price objective on shares of Imperial Oil from C$41.00 to C$40.00 and set a “sector perform” rating for the company in a report on Friday, August 4th. TD Securities reduced their price objective on shares of Imperial Oil from C$44.00 to C$43.00 and set a “hold” rating for the company in a report on Thursday, August 3rd. National Bank Financial reduced their price objective on shares of Imperial Oil from C$40.00 to C$36.00 in a report on Thursday, August 3rd. CIBC downgraded shares of Imperial Oil from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from C$50.00 to C$45.00 in a report on Wednesday, May 24th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a C$49.00 price objective on shares of Imperial Oil in a report on Monday, May 1st.
Shares of Imperial Oil (TSE:IMO) traded down 0.08% during mid-day trading on Tuesday, hitting $36.10. 73,331 shares of the company traded hands. Imperial Oil has a 52-week low of $35.15 and a 52-week high of $48.72. The firm has a market cap of $30.48 billion and a price-to-earnings ratio of 11.35. The firm has a 50-day moving average price of $37.03 and a 200 day moving average price of $39.61.
In other Imperial Oil news, insider Jonathan Wetmore sold 5,282 shares of the company’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of C$36.68, for a total value of C$193,743.76.
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About Imperial Oil
Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2016, the Upstream segment had 319 million oil-equivalent barrels of proved undeveloped reserves.
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