Imperial Oil (IMO) PT Raised to C$47.00 at CSFB

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target raised by equities researchers at CSFB from C$45.00 to C$47.00 in a research note issued to investors on Friday. CSFB’s price target indicates a potential upside of 26.38% from the stock’s current price.

A number of other analysts also recently weighed in on the company. Royal Bank of Canada upgraded Imperial Oil from an “underperform” rating to a “sector perform” rating and lifted their price target for the company from C$40.00 to C$41.00 in a research note on Wednesday, January 31st. AltaCorp Capital upgraded Imperial Oil from an “underperform” rating to a “sector perform” rating in a research report on Monday, January 15th. Eight Capital set a C$39.00 target price on Imperial Oil and gave the stock a “sell” rating in a research report on Thursday, January 11th. Finally, National Bank Financial boosted their target price on Imperial Oil from C$39.00 to C$41.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 9th. Three analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$41.60.

How to Become a New Pot Stock Millionaire

Shares of Imperial Oil stock traded up C$0.50 during trading on Friday, reaching C$37.19. The company’s stock had a trading volume of 364,478 shares, compared to its average volume of 890,306. Imperial Oil has a 12-month low of C$33.43 and a 12-month high of C$42.25.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings results on Friday, February 2nd. The company reported C$0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.64 by C($0.12). The company had revenue of C$8.08 billion during the quarter, compared to analysts’ expectations of C$7.19 billion.

TRADEMARK VIOLATION WARNING: “Imperial Oil (IMO) PT Raised to C$47.00 at CSFB” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this piece can be accessed at

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, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.

Analyst Recommendations for Imperial Oil (TSE:IMO)

Receive News & Ratings for Imperial Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Oil and related companies with's FREE daily email newsletter.

Leave a Reply