JPMorgan Chase & Co. Increases Imperial Oil (TSE:IMO) Price Target to C$108.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective increased by JPMorgan Chase & Co. from C$99.00 to C$108.00 in a note issued to investors on Tuesday,BayStreet.CA reports. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 28.44% from the company’s previous close.

Several other equities analysts have also issued reports on the stock. CIBC lowered shares of Imperial Oil from a “neutral” rating to an “underperform” rating and lifted their price objective for the company from C$108.00 to C$110.00 in a report on Wednesday, October 15th. Raymond James Financial increased their target price on Imperial Oil from C$106.00 to C$107.00 and gave the company an “underperform” rating in a research report on Monday. Desjardins boosted their price target on Imperial Oil from C$114.00 to C$120.00 and gave the stock a “sell” rating in a research report on Monday, November 24th. National Bankshares upped their price objective on Imperial Oil from C$125.00 to C$127.00 and gave the stock a “sector perform” rating in a research note on Friday, January 9th. Finally, Cibc World Mkts lowered Imperial Oil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Six analysts have rated the stock with a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, Imperial Oil currently has a consensus rating of “Reduce” and an average target price of C$114.60.

Imperial Oil Stock Performance

IMO stock opened at C$150.92 on Tuesday. Imperial Oil has a 1-year low of C$82.98 and a 1-year high of C$152.98. The business has a 50-day moving average price of C$128.97 and a 200 day moving average price of C$126.03. The company has a market capitalization of C$72.98 billion, a P/E ratio of 23.29, a PEG ratio of 0.21 and a beta of 0.95. The company has a debt-to-equity ratio of 18.04, a current ratio of 1.44 and a quick ratio of 0.98.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its earnings results on Friday, January 30th. The company reported C$1.97 earnings per share (EPS) for the quarter. Imperial Oil had a net margin of 10.00% and a return on equity of 21.23%. As a group, equities research analysts forecast 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. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.