Raymond James Financial Lowers Imperial Oil (TSE:IMO) Price Target to C$110.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective decreased by analysts at Raymond James Financial from C$111.00 to C$110.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Raymond James Financial’s price objective indicates a potential downside of 6.14% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. TD Securities cut their target price on shares of Imperial Oil from C$107.00 to C$106.00 in a research report on Tuesday. BMO Capital Markets lowered shares of Imperial Oil from an “outperform” rating to a “market perform” rating and cut their price target for the stock from C$132.00 to C$129.00 in a report on Monday. CIBC downgraded Imperial Oil from a “neutral” rating to an “underperform” rating and increased their price objective for the company from C$108.00 to C$110.00 in a report on Wednesday, October 15th. Morgan Stanley raised their target price on Imperial Oil from C$97.00 to C$101.00 in a research report on Thursday, November 20th. Finally, Cibc World Mkts lowered Imperial Oil from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Six equities research analysts have rated the stock with a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of C$112.30.

Imperial Oil Trading Down 0.1%

Shares of IMO stock opened at C$117.20 on Tuesday. Imperial Oil has a twelve month low of C$82.98 and a twelve month high of C$141.17. The stock’s fifty day simple moving average is C$129.17 and its 200 day simple moving average is C$120.98. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 18.04. The firm has a market capitalization of C$58.23 billion, a P/E ratio of 14.97, a P/E/G ratio of 0.21 and a beta of 1.04.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its earnings results on Friday, October 31st. The company reported C$2.17 EPS for the quarter. The firm had revenue of C$11.99 billion during the quarter. Imperial Oil had a return on equity of 21.23% and a net margin of 10.00%. As a group, sell-side analysts predict that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

About Imperial Oil

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves.