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.
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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.
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