Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO had its target price hoisted by investment analysts at Raymond James from C$101.50 to C$104.00 in a report released on Friday,BayStreet.CA reports. Raymond James' price objective would indicate a potential upside of 8.33% from the company's current price.
A number of other equities analysts have also recently commented on the company. Royal Bank of Canada lifted their target price on Imperial Oil from C$99.00 to C$101.00 in a report on Wednesday, November 6th. TD Securities lifted their target price on Imperial Oil from C$93.00 to C$96.00 and gave the stock a "hold" rating in a report on Friday. BMO Capital Markets boosted their price objective on Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. National Bankshares dropped their price objective on Imperial Oil from C$115.00 to C$112.00 in a report on Friday, September 27th. Finally, JPMorgan Chase & Co. boosted their price objective on Imperial Oil from C$97.00 to C$100.00 in a report on Wednesday, November 13th. Nine investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of C$103.90.
View Our Latest Report on Imperial Oil
Imperial Oil Trading Down 1.1 %
Shares of Imperial Oil stock traded down C$1.03 on Friday, reaching C$96.00. The company had a trading volume of 1,320,023 shares, compared to its average volume of 977,830. The firm has a market cap of C$51.44 billion, a price-to-earnings ratio of 10.06, a P/E/G ratio of 0.21 and a beta of 1.78. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98. The firm's 50-day moving average price is C$103.73 and its two-hundred day moving average price is C$98.33. Imperial Oil has a 1 year low of C$73.67 and a 1 year high of C$108.89.
Insider Buying and Selling at Imperial Oil
In related news, Director Bradley William Corson purchased 4,800 shares of Imperial Oil stock in a transaction dated Thursday, December 12th. The stock was purchased at an average cost of C$97.44 per share, with a total value of C$467,713.92. 71.26% of the stock is currently owned by corporate insiders.
About Imperial Oil
(
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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.
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