Scotiabank reissued their sector perform rating on shares of Imperial Oil Limited (TSE:IMO) in a research report report published on Thursday. The firm currently has a C$45.00 target price on the stock.
IMO has been the topic of several other research reports. Raymond James Financial Inc. set a C$51.00 price target on Imperial Oil Limited in a research note on Monday, June 6th. Desjardins set a C$41.00 price target on Imperial Oil Limited in a research note on Tuesday, June 28th. JPMorgan Chase & Co. lifted their price target on Imperial Oil Limited from C$43.00 to C$45.00 in a research note on Monday, September 12th. TD Securities dropped their price target on Imperial Oil Limited from C$49.00 to C$48.00 and set a buy rating on the stock in a research note on Thursday, August 4th. Finally, Morgan Stanley lifted their price target on Imperial Oil Limited from C$34.00 to C$46.00 in a research note on Monday, June 13th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of C$45.31.
Shares of Imperial Oil Limited (TSE:IMO) opened at 39.33 on Thursday. The company’s 50-day moving average price is $40.19 and its 200 day moving average price is $41.00. Imperial Oil Limited has a 52 week low of $37.25 and a 52 week high of $46.27. The company has a market cap of $33.34 billion and a P/E ratio of 112.37.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Friday, September 2nd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Wednesday, August 31st.
Imperial Oil Limited Company Profile
Imperial Oil Limited is an integrated oil company. The Company is engaged in the exploration for, and production and sale of, crude oil and natural gas. The Company’s operations are conducted in three segments: Upstream, Downstream and Chemical. Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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