Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price hoisted by equities researchers at TD Securities from C$46.00 to C$47.00 in a report released on Thursday. TD Securities’ price target indicates a potential upside of 12.98% from the stock’s current price.
Other equities research analysts also recently issued reports about the company. CSFB raised their target price on Imperial Oil from C$47.00 to C$54.00 in a report on Wednesday, July 11th. JPMorgan Chase & Co. raised their target price on Imperial Oil from C$45.00 to C$49.00 in a report on Friday, October 5th. National Bank Financial raised their target price on Imperial Oil from C$40.00 to C$45.00 and gave the company a “c$43.73” rating in a report on Wednesday, July 18th. Barclays raised their target price on Imperial Oil from C$49.00 to C$52.00 in a report on Monday. Finally, 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. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of C$46.73.
Shares of TSE IMO traded up C$0.10 during midday trading on Thursday, hitting C$41.60. The stock had a trading volume of 839,327 shares, compared to its average volume of 1,033,033. Imperial Oil has a 1-year low of C$33.43 and a 1-year high of C$44.91.
About Imperial Oil
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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