Imperial Oil (IMO) Stock Forecast & Price Target

C$103.81

-4.04 (-3.75%)

(As of 09:51 AM 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 11 Analyst Ratings

Sell
0

Hold
10

Buy
1

Based on 11 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 11 analysts, 10 have given a hold rating, and 1 has given a strong buy rating for IMO.

Consensus Price Target

C$98.75
-4.87% Downside

According to the 11 analysts' twelve-month price targets for Imperial Oil, the average price target is C$98.75. The highest price target for IMO is C$120.00, while the lowest price target for IMO is C$80.00. The average price target represents a forecasted downside of -4.87% from the current price of C$103.81.

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IMO Analyst Ratings Over Time

Type	Current Forecast 10/16/23 to 10/15/24	1 Month Ago 9/16/23 to 9/15/24	3 Months Ago 7/18/23 to 7/17/24	1 Year Ago 10/16/22 to 10/16/23
Strong Buy	1 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	4 Buy rating(s)
Hold	10 Hold rating(s)	9 Hold rating(s)	9 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	C$98.75	C$100.15	C$99.38	C$82.13
Forecasted Upside	-4.87% Downside	11.28% Upside	2.90% Upside	-1.15% Downside
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	Energy Companies
Consensus Rating Score	2.18	2.79
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Positive News See Recent IMO News	Neutral 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
10/8/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Neutral	C$94.00 ➝ C$97.00	-7.47%
10/4/2024	BMO Capital Markets 4 of 5 stars		Boost Target		C$115.00 ➝ C$120.00	+14.47%
9/27/2024	National Bankshares 1 of 5 stars		Lower Target		C$115.00 ➝ C$112.00	+18.36%
9/25/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Bouvier Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform	C$110.00	+16.33%
9/17/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$108.00 ➝ C$99.00	+8.49%
8/8/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	C$91.00 ➝ C$92.00	-6.76%
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7/23/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	C$92.00 ➝ C$101.00	+5.51%
7/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Leggate Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
5/29/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Mccrea Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Market Perform	C$93.00	-1.33%
4/22/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	C$90.00 ➝ C$105.00	+8.49%
3/20/2024	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	C$85.00 ➝ C$90.00	-0.59%
11/29/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$78.00 ➝ C$80.00	+1.96%
11/8/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	C$86.00	+15.36%
10/12/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$82.00 ➝ C$111.00	+35.45%
7/12/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Buy	C$80.00	+23.82%
5/1/2023	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy
2/3/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$80.00 ➝ C$76.00	+13.21%
11/21/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$80.00	+6.31%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:29 AM 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 Tuesday, October 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's stock price has crossed above its 200-day moving average, indicating a potential uptrend in the stock.
Analysts have raised their FY2025 earnings forecast for Imperial Oil, suggesting positive growth prospects for the company.
Imperial Oil has a strong net margin of 10.09% and a return on equity of 22.17%, indicating efficient operations and profitability.
With a market capitalization of C$50.85 billion, Imperial Oil is a significant player in the industry, providing stability and investment potential.
Imperial Oil pays a quarterly dividend, offering investors a source of passive income.

Imperial Oil
Bear Case

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

Imperial Oil's revenue in the last quarter was below analysts' expectations, indicating potential challenges in revenue generation.
The company's debt-to-equity ratio of 18.27 is relatively high, which may pose risks in times of economic downturns or high-interest rates.
Imperial Oil's stock has a beta of 1.80, indicating higher volatility compared to the market average, which may not suit all investors' risk tolerance.
Despite positive analyst ratings, Imperial Oil has an average rating of "Hold," suggesting mixed opinions on the stock's performance.
The price-to-earnings-growth ratio of 0.21 may indicate that the stock is currently overvalued based on its growth prospects.

IMO Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Imperial Oil is C$98.75, with a high forecast of C$120.00 and a low forecast of C$80.00.
: 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Imperial Oil in the last twelve months. There are currently 10 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 downside of -4.87% based on their 12-month stock forecasts.
: Over the previous 90 days, Imperial Oil's stock had 1 upgrade and 1 downgrade by analysts.
: Imperial Oil has been rated by research analysts at BMO Capital Markets, Desjardins, JPMorgan Chase & Co., National Bankshares, Royal Bank of Canada, Scotiabank, TD Securities, and Wolfe Research in the past 90 days.
: Analysts like Imperial Oil less than other "energy" companies. The consensus rating for Imperial Oil is Hold while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how IMO compares to other companies.