TD Securities Increases Imperial Oil Ltd (IMO) Price Target to C$43.00
Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) had its target price upped by analysts at TD Securities from C$42.00 to C$43.00 in a research note issued to investors on Thursday. The brokerage presently has a “hold” rating on the stock. TD Securities’ price objective points to a potential upside of 7.99% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on the company. Barclays PLC decreased their target price on Imperial Oil from C$44.00 to C$38.00 and set an “underweight” rating on the stock in a report on Thursday. J P Morgan Chase & Co lifted their target price on Imperial Oil from C$36.00 to C$38.00 and gave the stock an “underweight” rating in a report on Thursday, September 14th. AltaCorp Capital cut Imperial Oil from a “sector perform” rating to an “underperform” rating in a report on Wednesday, August 23rd. Royal Bank Of Canada decreased their target price on Imperial Oil from C$41.00 to C$40.00 and set a “sector perform” rating on the stock in a report on Friday, August 4th. Finally, National Bank Financial decreased their target price on Imperial Oil from C$40.00 to C$36.00 in a report on Thursday, August 3rd. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Imperial Oil has a consensus rating of “Hold” and a consensus price target of C$42.92.
Shares of Imperial Oil (IMO) opened at C$39.82 on Thursday.
Imperial Oil Company Profile
Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.
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