Imperial Oil (IMO) Stock Forecast & Price Target

$73.62

+3.17 (+4.50%)

(As of 10/1/2024 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 6 Analyst Ratings

Sell
0

Hold
5

Buy
1

Based on 6 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 6 analysts, 5 have given a hold rating, and 1 has given a buy rating for IMO.

Consensus Price Target

$99.50
35.15% Upside

According to the 6 analysts' twelve-month price targets for Imperial Oil, the average price target is $99.50. The highest price target for IMO is $110.00, while the lowest price target for IMO is $85.00. The average price target represents a forecasted upside of 35.15% from the current price of $73.62.

Get the Latest News and Ratings for IMO and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Imperial Oil and its competitors.

IMO Analyst Ratings Over Time

Type	Current Forecast 10/2/23 to 10/1/24	1 Month Ago 9/2/23 to 9/1/24	3 Months Ago 7/4/23 to 7/3/24	1 Year Ago 10/2/22 to 10/2/23
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)	2 Buy rating(s)	1 Buy rating(s)	3 Buy rating(s)
Hold	5 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$99.50	$99.50	$85.33	$79.67
Forecasted Upside	35.15% Upside	43.68% Upside	23.23% Upside	31.10% Upside
Consensus Rating	Hold	Hold	Hold	Hold

Next Week Elon Could Trigger a Boom in this Sub-$3 Stock (Ad)

Next week, you’ll have a chance to get in on the ground floor of what could be Elon’s next big thing. You see, he’s set to reveal his new AI product that I believe will shock the world…

Click here to see the details and save your seat.

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	2.17	2.60	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	35.82% Upside	223.21% Upside	6.55% 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
11/21/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$72.00 ➝ C$80.00
11/8/2022	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$70.00 ➝ C$80.00
10/28/2022	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$54.00 ➝ $85.00	+57.23%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:29 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, September 8, 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:

Imperial Oil Limited has consistently maintained a healthy net margin, indicating efficient cost management and profitability.
The company's return on equity of over 20% showcases strong performance in generating returns for shareholders.
Despite missing revenue expectations, Imperial Oil Limited has a positive earnings per share (EPS) outlook for the current year, which could attract investor interest.
Imperial Oil Limited's dividend payout ratio of 27.59% suggests a sustainable dividend policy, providing income to investors.
Institutional investors and hedge funds have been increasing their positions in Imperial Oil Limited, indicating confidence in the company's future prospects.

Imperial Oil
Bear Case

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

Imperial Oil Limited recently cut its dividend, which may raise concerns among income-focused investors.
Analysts have issued mixed ratings on the stock, with some downgrades and lowered price targets, potentially signaling uncertainty in the company's performance.
The company's revenue fell short of analysts' expectations, indicating potential challenges in revenue generation.
Imperial Oil Limited's stock price performance may be impacted by market volatility and fluctuations in the energy sector.
While the company has a positive EPS outlook, the revenue miss could lead to cautious investor sentiment regarding future growth prospects.

IMO Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Imperial Oil is $99.50, with a high forecast of $110.00 and a low forecast of $85.00.
: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Imperial Oil in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 35.15% based on their 12-month stock forecasts.
: Imperial Oil has been rated by research analysts at Scotiabank, and Wolfe Research 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.