Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target cut by JPMorgan Chase & Co. from C$38.00 to C$37.00 in a report released on Monday, BayStreet.CA reports. JPMorgan Chase & Co.‘s price target indicates a potential upside of 10.55% from the stock’s current price.
Several other brokerages have also issued reports on IMO. National Bank Financial cut their target price on shares of Imperial Oil from C$47.00 to C$41.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 13th. Goldman Sachs Group lowered their price target on shares of Imperial Oil from C$39.00 to C$37.00 in a report on Tuesday, October 22nd. AltaCorp Capital raised shares of Imperial Oil from an “underperform” rating to a “sector perform” rating in a report on Sunday, October 6th. Raymond James reaffirmed an “underperform” rating and set a C$31.00 price target on shares of Imperial Oil in a report on Wednesday, November 13th. Finally, CIBC raised shares of Imperial Oil from an “underperform” rating to a “neutral” rating and lifted their price target for the company from C$37.00 to C$38.00 in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of C$37.69.
Shares of TSE IMO opened at C$33.47 on Monday. The firm has a 50 day moving average of C$33.48 and a 200 day moving average of C$34.56. The company has a current ratio of 1.45, a quick ratio of 1.07 and a debt-to-equity ratio of 21.91. The firm has a market capitalization of $25.47 billion and a price-to-earnings ratio of 9.30. Imperial Oil has a 12-month low of C$31.51 and a 12-month high of C$40.59.
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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