Imperial Oil Ltd (TSE:IMO) PT Lowered to C$38.00

Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) had its target price dropped by Barclays PLC from C$44.00 to C$38.00 in a report released on Thursday, November 2nd. The brokerage currently has an “underweight” rating on the stock. Barclays PLC’s target price points to a potential downside of 4.76% from the company’s previous close.

Other analysts also recently issued reports about the company. J P Morgan Chase & Co upped their price objective on 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. National Bank Financial lowered their price target on Imperial Oil from C$40.00 to C$36.00 in a report on Thursday, August 3rd. TD Securities lowered their price target on Imperial Oil from C$44.00 to C$43.00 and set a “hold” rating on the stock in a report on Thursday, August 3rd. Royal Bank Of Canada lowered their price target on Imperial Oil from C$41.00 to C$40.00 and set a “sector perform” rating on the stock in a report on Friday, August 4th. Finally, AltaCorp Capital cut Imperial Oil from a “sector perform” rating to an “underperform” rating in a report on Wednesday, August 23rd. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Imperial Oil presently has a consensus rating of “Hold” and a consensus price target of C$42.92.

Shares of Imperial Oil (IMO) opened at C$39.90 on Thursday. Imperial Oil has a fifty-two week low of C$35.15 and a fifty-two week high of C$48.72.

WARNING: This piece was reported by BBNS and is the sole property of of BBNS. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://baseballnewssource.com/markets/imperial-oil-ltd-imo-price-target-cut-to-c38-00-by-analysts-at-barclays-plc/1750579.html.

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)

Receive News & Ratings for Imperial Oil Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Oil Ltd and related companies with our FREE daily email newsletter.

 


Latest News

Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
Seattle Mariners Start Offseason With a Bang: Three Trades Over Four Days
MLB Commissioner: New Rule for Pace-of-Play in 2018
MLB Commissioner: New Rule for Pace-of-Play in 2018
Alex Cobb Could Be Good Fit for Cubs
Alex Cobb Could Be Good Fit for Cubs
Joey Votto Is One of Baseball’s Best Hitters
Joey Votto Is One of Baseball’s Best Hitters
Hunter Pence May Become Part-Time Player
Hunter Pence May Become Part-Time Player
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts
Perfect 300 Bowled by Red Sox Right Fielder Mookie Betts


Leave a Reply

 
© 2006-2017 BBNS.