Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) has received an average recommendation of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$42.27.
Several equities analysts have issued reports on IMO shares. Royal Bank Of Canada cut their price objective on Imperial Oil from C$41.00 to C$40.00 and set a “sector perform” rating for the company in a research report on Friday, August 4th. TD Securities lifted their price objective on Imperial Oil from C$42.00 to C$43.00 and gave the company a “hold” rating in a research report on Thursday, November 2nd. J P Morgan Chase & Co lifted their price objective on Imperial Oil from C$36.00 to C$38.00 and gave the company an “underweight” rating in a research report on Thursday, September 14th. Barclays PLC cut their price objective on Imperial Oil from C$44.00 to C$38.00 and set an “underweight” rating for the company in a research report on Thursday, November 2nd. Finally, National Bank Financial lowered their target price on Imperial Oil from C$40.00 to C$36.00 in a research note on Thursday, August 3rd.
Shares of Imperial Oil (TSE IMO) traded down C$0.22 on Thursday, reaching C$39.40. The company’s stock had a trading volume of 361,749 shares, compared to its average volume of 633,118. Imperial Oil has a 52-week low of C$35.15 and a 52-week high of C$48.72.
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About Imperial Oil
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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