Raymond James Issues Positive Forecast for Imperial Oil (TSE:IMO) Stock Price

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective raised by stock analysts at Raymond James from C$99.00 to C$101.50 in a report released on Monday, BayStreet.CA reports. Raymond James’ price target points to a potential upside of 3.93% from the stock’s previous close.

Several other equities research analysts have also commented on IMO. Desjardins raised their price target on shares of Imperial Oil from C$92.00 to C$101.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Wolfe Research raised Imperial Oil to a “strong-buy” rating in a research note on Thursday, July 18th. Scotiabank lowered Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price target for the company. in a research report on Wednesday, September 25th. National Bankshares cut their price objective on shares of Imperial Oil from C$115.00 to C$112.00 in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. increased their target price on shares of Imperial Oil from C$94.00 to C$97.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Ten analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Imperial Oil currently has a consensus rating of “Hold” and a consensus price target of C$99.54.

Imperial Oil Trading Down 0.9 %

Shares of IMO opened at C$97.66 on Monday. Imperial Oil has a 12 month low of C$72.03 and a 12 month high of C$108.89. The stock’s 50-day moving average is C$99.69 and its two-hundred day moving average is C$96.75. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98. The stock has a market cap of C$52.33 billion, a PE ratio of 10.24, a P/E/G ratio of 0.21 and a beta of 1.78.

Imperial Oil Company Profile

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.