Imperial Oil (IMO) Price Target Lowered to C$42.00 at JPMorgan Chase & Co.

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Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective lowered by JPMorgan Chase & Co. from C$46.00 to C$42.00 in a report published on Monday morning.

Several other equities analysts have also recently commented on IMO. Canaccord Genuity raised shares of Imperial Oil from a hold rating to a buy rating and increased their price target for the stock from C$50.00 to C$52.00 in a research report on Tuesday, October 16th. National Bank Financial increased their price target on shares of Imperial Oil from C$45.00 to C$46.00 and gave the stock a sector perform rating in a research report on Thursday, October 18th. Goldman Sachs Group raised shares of Imperial Oil from a sell rating to a buy rating in a research report on Friday, October 19th. Barclays increased their price target on shares of Imperial Oil from C$49.00 to C$52.00 in a research report on Monday, November 5th. Finally, BMO Capital Markets reaffirmed a market perform rating and set a C$48.00 price target on shares of Imperial Oil in a research report on Thursday, November 8th. Four equities research 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’s stock. The company currently has an average rating of Hold and an average price target of C$42.07.

Shares of IMO stock opened at C$35.98 on Monday. The company has a current ratio of 1.20, a quick ratio of 0.81 and a debt-to-equity ratio of 21.64. Imperial Oil has a one year low of C$33.43 and a one year high of C$44.91. The stock has a market cap of $28.64 billion and a PE ratio of 12.58.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 4th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, March 1st. This represents a $0.76 dividend on an annualized basis and a yield of 2.11%. Imperial Oil’s dividend payout ratio is currently 24.48%.

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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Analyst Recommendations for Imperial Oil (TSE:IMO)

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