Imperial Oil (TSE:IMO) Price Target Increased to C$79.00 by Analysts at JPMorgan Chase & Co.

Imperial Oil (TSE:IMOGet Rating) (NYSEMKT:IMO) had its price objective increased by equities research analysts at JPMorgan Chase & Co. from C$77.00 to C$79.00 in a report issued on Monday, BayStreet.CA reports. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 23.03% from the company’s previous close.

IMO has been the subject of several other reports. BMO Capital Markets boosted their price target on Imperial Oil from C$60.00 to C$65.00 in a report on Monday, March 14th. ATB Capital boosted their price target on Imperial Oil from C$48.00 to C$53.00 and gave the company a “buy” rating in a report on Wednesday, February 2nd. Citigroup boosted their price target on Imperial Oil from C$47.00 to C$69.00 and gave the company a “sector perform” rating in a report on Friday. CSFB boosted their price target on Imperial Oil from C$51.00 to C$56.00 in a report on Tuesday, March 8th. Finally, TD Securities cut their price target on Imperial Oil from C$52.00 to C$48.00 and set a “hold” rating for the company in a report on Thursday, February 24th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$59.58.

IMO stock traded down C$0.47 on Monday, reaching C$64.21. The company had a trading volume of 922,749 shares, compared to its average volume of 1,619,190. Imperial Oil has a 1 year low of C$30.64 and a 1 year high of C$66.27. The company has a debt-to-equity ratio of 24.96, a quick ratio of 1.08 and a current ratio of 1.41. The company’s fifty day moving average is C$59.38 and its 200 day moving average is C$51.26. The company has a market cap of C$42.97 billion and a P/E ratio of 18.45.

Imperial Oil (TSE:IMOGet Rating) (NYSEMKT:IMO) last posted its earnings results on Tuesday, February 1st. The company reported C$1.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.35 by C($0.17). The company had revenue of C$12.31 billion during the quarter, compared to analysts’ expectations of C$12.99 billion. On average, sell-side analysts predict that Imperial Oil will post 7.7100001 earnings per share for the current year.

About Imperial Oil (Get Rating)

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores for, and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2021, this segment had 386 million oil-equivalent barrels of proved undeveloped reserves.

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