TD Securities Raises Imperial Oil (TSE:IMO) Price Target to C$107.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target boosted by equities research analysts at TD Securities from C$104.00 to C$107.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a “sell” rating on the stock. TD Securities’ price objective would suggest a potential downside of 13.83% from the stock’s previous close.

A number of other research analysts also recently weighed in on IMO. Scotiabank increased their price target on Imperial Oil from C$100.00 to C$110.00 in a research note on Friday, July 11th. Raymond James Financial increased their price target on Imperial Oil from C$109.00 to C$110.00 in a research note on Monday. Tudor Pickering downgraded Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. CIBC downgraded Imperial Oil from a “neutral” rating to an “underperform” rating and raised their price objective for the stock from C$108.00 to C$110.00 in a research note on Wednesday, October 15th. Finally, Royal Bank Of Canada raised their price objective on Imperial Oil from C$115.00 to C$117.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 7th. Six investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, Imperial Oil has an average rating of “Reduce” and a consensus target price of C$107.88.

Imperial Oil Trading Down 1.6%

TSE:IMO traded down C$2.01 during trading hours on Tuesday, hitting C$124.18. 282,503 shares of the stock were exchanged, compared to its average volume of 815,264. The company’s 50 day moving average is C$125.22 and its two-hundred day moving average is C$113.24. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 18.04. The company has a market capitalization of C$63.21 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 0.21 and a beta of 1.14. Imperial Oil has a twelve month low of C$82.98 and a twelve month high of C$132.08.

Imperial Oil Company Profile

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves.