TD Securities Forecasts Strong Price Appreciation for Imperial Oil (TSE:IMO) Stock

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO had its price objective boosted by stock analysts at TD Securities from C$94.00 to C$97.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a "hold" rating on the stock. TD Securities' target price suggests a potential downside of 0.99% from the company's current price.

Several other analysts have also recently weighed in on IMO. JPMorgan Chase & Co. boosted their price target on Imperial Oil from C$97.00 to C$100.00 in a report on Wednesday, November 13th. Wolfe Research lowered shares of Imperial Oil from a "strong-buy" rating to a "hold" rating in a report on Friday, January 3rd. Raymond James raised their price target on shares of Imperial Oil from C$101.50 to C$104.00 in a research note on Friday, December 13th. CIBC lifted their price target on shares of Imperial Oil from C$105.00 to C$108.00 in a report on Friday, January 17th. Finally, Royal Bank of Canada increased their price objective on Imperial Oil from C$99.00 to C$101.00 in a report on Wednesday, November 6th. Ten equities research analysts have rated the stock with a hold rating, According to MarketBeat, Imperial Oil presently has an average rating of "Hold" and a consensus price target of C$104.10.

Imperial Oil Price Performance

Shares of TSE IMO traded down C$0.46 during mid-day trading on Friday, hitting C$97.97. 607,720 shares of the stock traded hands, compared to its average volume of 919,989. The company has a market cap of C$51.14 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. Imperial Oil has a twelve month low of C$82.88 and a twelve month high of C$108.89. The company has a debt-to-equity ratio of 18.04, a current ratio of 1.44 and a quick ratio of 0.98. The firm has a 50 day simple moving average of C$96.19 and a two-hundred day simple moving average of C$99.20.

Insider Activity at Imperial Oil

In related news, Director Bradley William Corson bought 4,800 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of C$97.44 per share, for a total transaction of C$467,713.92. 71.26% of the stock is owned by corporate insiders.

Imperial Oil Company Profile

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.