Shares of Imperial Oil Limited (TSE:IMO) have been given a consensus recommendation of “Buy” by the fourteen brokerages that are covering the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$45.73.
A number of brokerages recently issued reports on IMO. Royal Bank Of Canada reissued a “sector perform” rating and set a C$47.00 price target on shares of Imperial Oil Limited in a research report on Thursday, September 22nd. Scotiabank reissued a “sector perform” rating and set a C$45.00 price target on shares of Imperial Oil Limited in a research report on Thursday, September 22nd. Raymond James Financial Inc. raised Imperial Oil Limited from a “market perform” rating to an “outperform” rating in a research report on Thursday, September 22nd. FirstEnergy Capital raised Imperial Oil Limited from a “market perform” rating to an “outperform” rating in a report on Wednesday. Finally, TD Securities reduced their target price on Imperial Oil Limited from C$49.00 to C$48.00 and set a “buy” rating on the stock in a report on Thursday, August 4th.
Imperial Oil Limited (TSE:IMO) traded up 2.59% during midday trading on Thursday, reaching $41.59. The company had a trading volume of 1,235,619 shares. The company has a market capitalization of $35.25 billion and a PE ratio of 118.83. The stock has a 50-day moving average price of $40.19 and a 200 day moving average price of $41.00. Imperial Oil Limited has a 12-month low of $37.25 and a 12-month high of $46.27.
The company also recently disclosed 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 annualized dividend and a dividend yield of 1.48%. 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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