Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) had its price objective reduced by research analysts at National Bank Financial from C$40.00 to C$36.00 in a research note issued to investors on Thursday. National Bank Financial’s price objective points to a potential downside of 2.70% from the stock’s current price.
Other equities research analysts have also issued reports about the stock. 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 decreased 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 decreased their price target for the company from C$50.00 to C$45.00 in a report on Wednesday, May 24th. Royal Bank Of Canada decreased their price target on shares of Imperial Oil from C$48.00 to C$47.00 and set a “sector perform” rating on the stock in a report on Friday, May 5th. Finally, TD Securities decreased their price target on shares of Imperial Oil from C$48.00 to C$46.00 and set a “buy” rating on the stock in a report on Thursday, May 4th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of C$44.62.
Imperial Oil (IMO) opened at 37.00 on Thursday. The stock’s 50 day moving average is $37.54 and its 200-day moving average is $40.09. The firm has a market capitalization of $31.24 billion and a price-to-earnings ratio of 11.63. Imperial Oil has a 12 month low of $35.15 and a 12 month high of $48.72.
In related news, insider Jonathan Wetmore sold 5,282 shares of Imperial Oil stock in a transaction that occurred 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.
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