Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target decreased by stock analysts at Morgan Stanley from C$51.00 to C$42.00 in a research report issued to clients and investors on Wednesday. Morgan Stanley’s target price would indicate a potential upside of 12.66% from the stock’s current price.
A number of other equities analysts have also recently issued reports on IMO. CIBC reiterated an “underperform” rating and set a C$39.00 target price on shares of Imperial Oil in a report on Friday, October 5th. JPMorgan Chase & Co. increased their target price on Imperial Oil from C$45.00 to C$49.00 in a report on Friday, October 5th. Raymond James increased their target price on Imperial Oil from C$45.00 to C$50.00 in a report on Friday, October 5th. Canaccord Genuity upgraded Imperial Oil from a “hold” rating to a “buy” rating and increased their target price for the stock from C$50.00 to C$52.00 in a report on Tuesday, October 16th. Finally, National Bank Financial raised their price objective on Imperial Oil from C$45.00 to C$46.00 and gave the company a “sector perform” rating in a report on Thursday, October 18th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of C$43.36.
IMO stock opened at C$37.28 on Wednesday. The stock has a market cap of $29.12 billion and a price-to-earnings ratio of 23.13. The company has a debt-to-equity ratio of 21.64, a current ratio of 1.20 and a quick ratio of 0.81. Imperial Oil has a 1 year low of C$33.43 and a 1 year high of C$44.91.
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.
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