National Bank Financial Raises Imperial Oil (IMO) Price Target to C$41.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective raised by analysts at National Bank Financial from C$39.00 to C$41.00 in a research note issued to investors on Tuesday, January 9th. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 3.67% from the stock’s current price.

A number of other research analysts have also issued reports on the stock. TD Securities boosted their target price on shares of Imperial Oil from C$42.00 to C$43.00 and gave the company a “hold” rating in a research note on Thursday, November 2nd. Barclays reduced their target price on shares of Imperial Oil from C$44.00 to C$38.00 and set an “underweight” rating for the company in a research note on Thursday, November 2nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Imperial Oil from C$36.00 to C$38.00 and gave the stock an “underweight” rating in a research report on Thursday, September 14th. Four research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of C$42.27.

Imperial Oil (IMO) opened at C$39.55 on Tuesday. Imperial Oil has a fifty-two week low of C$35.15 and a fifty-two week high of C$45.14. The company has a market cap of $32,990.00, a PE ratio of 16.21 and a beta of 0.51.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its quarterly earnings results on Friday, October 27th. The company reported C$0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.48 by C($0.04). Imperial Oil had a net margin of 5.19% and a return on equity of 5.95%.

In other Imperial Oil news, Director David Wallace Cornhill bought 5,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were acquired at an average cost of C$39.78 per share, for a total transaction of C$218,790.00.

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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.

Analyst Recommendations for Imperial Oil (TSE:IMO)

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