Royal Bank Of Canada restated their sector perform rating on shares of Imperial Oil Limited (TSE:IMO) in a report released on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada currently has a C$47.00 price target on the stock.
Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Imperial Oil Limited from C$43.00 to C$45.00 in a research note on Monday, September 12th. Desjardins set a C$41.00 price objective on shares of Imperial Oil Limited in a report on Tuesday, June 28th. Morgan Stanley boosted their price objective on shares of Imperial Oil Limited from C$34.00 to C$46.00 in a report on Monday, June 13th. Raymond James Financial Inc. set a C$51.00 price objective on shares of Imperial Oil Limited in a report on Monday, June 6th. Finally, TD Securities decreased their price objective on shares of Imperial Oil Limited from C$49.00 to C$48.00 and set a buy rating for the company in a report on Thursday, August 4th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Imperial Oil Limited has a consensus rating of Hold and a consensus target price of C$45.31.
Imperial Oil Limited (TSE:IMO) opened at 39.33 on Thursday. The company has a 50-day moving average of $40.19 and a 200 day moving average of $41.00. Imperial Oil Limited has a 12-month low of $37.25 and a 12-month high of $46.27. The company has a market capitalization of $33.34 billion and a P/E ratio of 112.37.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Friday, September 2nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%.
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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