TD Securities Trims Imperial Oil Ltd (IMO) Target Price to C$43.00

Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) had its target price trimmed by TD Securities from C$44.00 to C$43.00 in a research report report published on Thursday. The firm currently has a hold rating on the stock.

Other equities research analysts have also issued research reports about the stock. National Bank Financial cut their price target on shares of Imperial Oil from C$40.00 to C$36.00 in a report on Thursday. Goldman Sachs Group, Inc. (The) lowered shares of Imperial Oil from a neutral rating to a sell rating in a report on Wednesday, April 5th. Barclays PLC cut their price target on shares of Imperial Oil from C$50.00 to C$48.00 in a report on Tuesday, April 11th. CIBC lowered shares of Imperial Oil from an outperform rating to a neutral rating and cut their price target for the stock from C$50.00 to C$45.00 in a report on Wednesday, May 24th. Finally, Royal Bank Of Canada cut their price target on shares of Imperial Oil from C$48.00 to C$47.00 and set a sector perform rating for the company in a report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of C$44.62.

Shares of Imperial Oil (IMO) traded up 1.45% during trading on Thursday, hitting $37.00. 775,382 shares of the company were exchanged. The firm has a market capitalization of $31.24 billion and a PE ratio of 11.63. The firm’s 50-day moving average price is $37.54 and its 200 day moving average price is $40.09. Imperial Oil has a 12 month low of $35.15 and a 12 month high of $48.72.

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In other Imperial Oil news, insider Jonathan Wetmore sold 5,282 shares of Imperial Oil stock in a transaction on Thursday, July 6th. The shares were sold at an average price of C$36.68, for a total transaction of C$193,743.76.

Imperial Oil Company Profile

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.