Imperial Oil (TSE:IMO) (NYSEMKT:IMO)‘s stock had its “underperform” rating reaffirmed by analysts at Raymond James in a research note issued to investors on Wednesday, BayStreet.CA reports. They presently have a C$31.00 price objective on the stock. Raymond James’ target price indicates a potential downside of 7.93% from the stock’s previous close.
A number of other equities analysts have also issued reports on IMO. National Bank Financial lowered their target price on shares of Imperial Oil from C$47.00 to C$41.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Citigroup decreased their price target on Imperial Oil from C$36.00 to C$30.00 in a report on Tuesday, October 8th. CSFB decreased their price target on Imperial Oil from C$39.00 to C$38.00 in a report on Thursday, August 29th. CIBC raised Imperial Oil from an “underperform” rating to a “neutral” rating and increased their price target for the stock from C$37.00 to C$38.00 in a report on Tuesday, October 15th. Finally, Goldman Sachs Group decreased their price target on Imperial Oil from C$39.00 to C$37.00 in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of C$37.85.
Shares of IMO opened at C$33.67 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 21.84. The firm has a market cap of $25.78 billion and a PE ratio of 9.36. The company’s 50 day simple moving average is C$33.47 and its 200-day simple moving average is C$35.23. Imperial Oil has a 12-month low of C$31.51 and a 12-month high of C$42.51.
Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. It 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, 2018, this segment had 404 million oil-equivalent barrels of proved undeveloped reserves.
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