Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) had its target price lifted by investment analysts at TD Securities from C$42.00 to C$43.00 in a research report issued on Thursday, November 2nd. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential upside of 7.96% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. Royal Bank Of Canada lowered their price objective on shares of Imperial Oil from C$41.00 to C$40.00 and set a “sector perform” rating on the stock in a research note on Friday, August 4th. J P Morgan Chase & Co increased their price objective on shares of Imperial Oil from C$36.00 to C$38.00 and gave the company an “underweight” rating in a research note on Thursday, September 14th. Barclays PLC decreased their price target on shares of Imperial Oil from C$44.00 to C$38.00 and set an “underweight” rating on the stock in a research note on Thursday, November 2nd. AltaCorp Capital cut shares of Imperial Oil from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, August 23rd. Finally, National Bank Financial decreased their price target on shares of Imperial Oil from C$40.00 to C$36.00 in a research note on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. The company has an average rating of “Hold” and an average price target of C$42.92.
Shares of Imperial Oil (TSE:IMO) traded up C$0.03 on Thursday, hitting C$39.83. 521,000 shares of the stock were exchanged, compared to its average volume of 680,655. Imperial Oil has a 1-year low of C$35.15 and a 1-year high of C$48.72.
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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.
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