Imperial Oil (IMO) Stock Forecast & Price Target

$73.64 -2.04 (-2.70%)

(As of 11/26/2024 ET)

Imperial Oil - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 4 Analyst Ratings

Sell
0

Hold
3

Buy
1

Based on 4 Wall Street analysts who have issued ratings for Imperial Oil in the last 12 months, the stock has a consensus rating of "Hold." Out of the 4 analysts, 3 have given a hold rating, and 1 has given a buy rating for IMO.

Consensus Price Target

$109.00
48.02% Upside

According to the 4 analysts' twelve-month price targets for Imperial Oil, the average price target is $109.00. The highest price target for IMO is $110.00, while the lowest price target for IMO is $108.00. The average price target represents a forecasted upside of 48.02% from the current price of $73.64.

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IMO Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	3 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$109.00	$99.50	$94.80	$85.33
Forecasted Upside	48.02% Upside	28.39% Upside	36.90% Upside	48.15% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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IMO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

IMO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Imperial Oil Stock vs. The Competition

Type	Imperial Oil	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.25	2.63	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	48.02% Upside	1,700.54% Upside	6.81% Upside
News Sentiment Rating	Positive News See Recent IMO News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/25/2024	Scotiabank 5 of 5 stars	J. Bouvier Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Sector Outperform ➝ Sector Perform	$110.00 ➝ $110.00	+55.85%
7/18/2024	Wolfe Research 3 of 5 stars	D. Leggate Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$108.00	+52.78%
5/28/2024	Raymond James 4 of 5 stars	J. Mccrea Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
12/8/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Neutral
11/8/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
11/7/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$80.00 ➝ $85.00	+50.79%
8/29/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$75.00 ➝ $76.00	+36.05%
7/12/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
1/11/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$80.00 ➝ C$85.00
12/21/2022	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$82.00 ➝ C$81.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:21 PM ET.

Should I Buy Imperial Oil Stock? IMO Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, November 24, 2024. Please send any questions or comments about these Imperial Oil pros and cons to contact@marketbeat.com.

Imperial Oil
Bull Case

Here are some ways that investors could benefit from investing in Imperial Oil Limited:

Current stock price is $75.90, which is relatively stable and shows potential for growth given its one-year high of $80.17.
Imperial Oil Limited has a strong market capitalization of approximately $39.31 billion, indicating a solid position in the energy sector.
The company has a low debt-to-equity ratio of 0.17, suggesting financial stability and lower risk associated with debt financing.
Recent analyst ratings show a consensus target price of $109.00, indicating potential upside from the current trading price.
Imperial Oil Limited recently announced a quarterly dividend of $0.4304 per share, providing a yield of 2.27%, which can be attractive for income-focused investors.

Imperial Oil
Bear Case

Investors should be bearish about investing in Imperial Oil Limited for these reasons:

Analysts have downgraded the stock from a "buy" to a "hold" rating, indicating a lack of strong bullish sentiment in the market.
The company has a PE ratio of 11.31, which, while not excessively high, may suggest that the stock is fairly valued and could limit growth potential.
Imperial Oil Limited's stock has experienced fluctuations, with a one-year low of $52.97, indicating volatility that could deter risk-averse investors.
20.74% of the stock is owned by hedge funds and institutional investors, which may lead to increased volatility based on their trading activities.
Recent reports indicate a cautious outlook in the energy sector, which could impact future performance and investor sentiment negatively.

IMO Forecast - Frequently Asked Questions

: According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Imperial Oil is $109.00, with a high forecast of $110.00 and a low forecast of $108.00.
: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Imperial Oil in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" IMO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IMO, but not buy additional shares or sell existing shares.
: According to analysts, Imperial Oil's stock has a predicted upside of 48.02% based on their 12-month stock forecasts.
: Imperial Oil has been rated by research analysts at Scotiabank in the past 90 days.
: Analysts like Imperial Oil less than other "oils/energy" companies. The consensus rating for Imperial Oil is Hold while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how IMO compares to other companies.

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This page (NYSEAMERICAN:IMO) was last updated on 11/26/2024 by MarketBeat.com Staff

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Imperial Oil (IMO) Stock Forecast & Price Target