Imperial Oil (IMO) Price Target Raised to C$41.00 at National Bank Financial

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective lifted by stock analysts at National Bank Financial from C$39.00 to C$41.00 in a report released on Tuesday, January 9th. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 10.45% from the company’s previous close.

IMO has been the topic of several other reports. Barclays dropped their price objective on shares of Imperial Oil from C$44.00 to C$38.00 and set an “underweight” rating on the stock in a research note on Thursday, November 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Imperial Oil from C$36.00 to C$38.00 and gave the company an “underweight” rating in a research note on Thursday, September 14th. Finally, TD Securities upped their price target on shares of Imperial Oil from C$42.00 to C$43.00 and gave the stock a “hold” rating in a research note on Thursday, November 2nd. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock has an average rating of “Hold” and an average target price of C$41.40.

Shares of Imperial Oil (TSE:IMO) traded down C$1.67 on Tuesday, reaching C$37.12. 1,080,000 shares of the company’s stock traded hands, compared to its average volume of 718,989. The firm has a market cap of $30,860.00, a PE ratio of 15.21 and a beta of 0.47. Imperial Oil has a 12 month low of C$35.15 and a 12 month high of C$43.36.

In other Imperial Oil news, Director David Wallace Cornhill acquired 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were acquired at an average cost of C$39.78 per share, for a total transaction of C$218,790.00.

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About Imperial Oil

Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.

Analyst Recommendations for Imperial Oil (TSE:IMO)

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