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

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target raised by research analysts at CSFB from C$45.00 to C$47.00 in a research report issued to clients and investors on Friday, April 13th. CSFB’s price target suggests a potential upside of 23.20% from the company’s previous close.

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

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Shares of TSE IMO opened at C$38.15 on Friday. Imperial Oil has a 1-year low of C$33.43 and a 1-year high of C$42.25.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings data on Friday, February 2nd. The company reported C$0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.64 by C($0.12). The firm had revenue of C$8.08 billion during the quarter, compared to analyst estimates of C$7.19 billion.

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Imperial Oil Company Profile

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)

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