Imperial Oil Ltd (IMO) Receives C$43.18 Consensus PT from Brokerages

Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) has been assigned a consensus rating of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$43.18.

Several research analysts have commented on IMO shares. National Bank Financial reissued a “sector perform” rating on shares of Imperial Oil in a report on Monday, June 26th. TD Securities cut their price target 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. Royal Bank Of Canada dropped 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. AltaCorp Capital downgraded shares of Imperial Oil from a “sector perform” rating to an “underperform” rating in a report on Wednesday, August 23rd. Finally, J P Morgan Chase & Co lifted their price objective on shares of Imperial Oil from C$36.00 to C$38.00 and gave the stock an “underweight” rating in a report on Thursday, September 14th.

Shares of Imperial Oil (TSE IMO) traded down 0.73% during midday trading on Wednesday, hitting $39.24. The company had a trading volume of 271,460 shares. The company has a market capitalization of $33.13 billion and a price-to-earnings ratio of 12.34. Imperial Oil has a 12-month low of $35.15 and a 12-month high of $48.72. The company’s 50-day moving average price is $38.04 and its 200 day moving average price is $38.45.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, October 1st. Stockholders of record on Sunday, October 1st were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Wednesday, August 30th.

TRADEMARK VIOLATION NOTICE: “Imperial Oil Ltd (IMO) Receives C$43.18 Consensus PT from Brokerages” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/10/imperial-oil-ltd-imo-receives-c43-18

Several research analysts have commented on IMO shares. National Bank Financial reissued a “sector perform” rating on shares of Imperial Oil in a report on Monday, June 26th. TD Securities cut their price target 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. Royal Bank Of Canada dropped 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. AltaCorp Capital downgraded shares of Imperial Oil from a “sector perform” rating to an “underperform” rating in a report on Wednesday, August 23rd. Finally, J P Morgan Chase & Co lifted their price objective on shares of Imperial Oil from C$36.00 to C$38.00 and gave the stock an “underweight” rating in a report on Thursday, September 14th.

Shares of Imperial Oil (TSE IMO) traded down 0.73% during midday trading on Wednesday, hitting $39.24. The company had a trading volume of 271,460 shares. The company has a market capitalization of $33.13 billion and a price-to-earnings ratio of 12.34. Imperial Oil has a 12-month low of $35.15 and a 12-month high of $48.72. The company’s 50-day moving average price is $38.04 and its 200 day moving average price is $38.45.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, October 1st. Stockholders of record on Sunday, October 1st were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Wednesday, August 30th.

TRADEMARK VIOLATION NOTICE: “Imperial Oil Ltd (IMO) Receives C$43.18 Consensus PT from Brokerages” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/10/imperial-oil-ltd-imo-receives-c43-18-consensus-pt-from-brokerages.html.

About Imperial Oil

Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.

Analyst Recommendations for Imperial Oil (TSE:IMO)

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