Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) was downgraded by research analysts at AltaCorp Capital from a “sector perform” rating to an “underperform” rating in a note issued to investors on Wednesday.

IMO has been the subject of a number of other research reports. Royal Bank Of Canada decreased their price objective on shares of Imperial Oil from C$41.00 to C$40.00 and set a “sector perform” rating for the company in a report on Friday, August 4th. TD Securities decreased their price objective on shares of Imperial Oil from C$44.00 to C$43.00 and set a “hold” rating for the company in a report on Thursday, August 3rd. National Bank Financial decreased their price objective on shares of Imperial Oil from C$40.00 to C$36.00 in a report on Thursday, August 3rd. CIBC lowered shares of Imperial Oil from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from C$50.00 to C$45.00 in a report on Wednesday, May 24th. Finally, Scotiabank reiterated a “sector perform” rating and set a C$49.00 price objective on shares of Imperial Oil in a report on Monday, May 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of C$44.33.

Imperial Oil (TSE IMO) opened at 36.29 on Wednesday. Imperial Oil has a 12 month low of $35.15 and a 12 month high of $48.72. The company’s 50-day moving average price is $36.61 and its 200 day moving average price is $39.28. The company has a market capitalization of $30.64 billion and a price-to-earnings ratio of 11.41.

TRADEMARK VIOLATION WARNING: “AltaCorp Capital Lowers Imperial Oil Ltd (IMO) to Underperform” was first posted by Watch List News and is the property of of Watch List News. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at

In related news, insider Jonathan Wetmore sold 5,282 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of C$36.68, for a total transaction of C$193,743.76.

About Imperial Oil

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2016, the Upstream segment had 319 million oil-equivalent barrels of proved undeveloped reserves.

Analyst Recommendations for Imperial Oil (TSE:IMO)

Receive News & Ratings for Imperial Oil Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Oil Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.