Imperial Oil (TSE:IMO) Price Target Raised to C$120.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective raised by stock analysts at National Bankshares from C$90.00 to C$120.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price objective points to a potential upside of 25.48% from the company’s previous close.

IMO has been the subject of several other research reports. CIBC boosted their price objective on shares of Imperial Oil from C$85.00 to C$90.00 and gave the stock a “neutral” rating in a research note on Friday, March 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Imperial Oil from C$97.00 to C$94.00 in a research note on Monday, February 12th. ATB Capital upped their price target on shares of Imperial Oil from C$85.00 to C$90.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 20th. Desjardins upped their price target on shares of Imperial Oil from C$86.00 to C$88.00 and gave the company a “hold” rating in a research note on Friday, March 22nd. Finally, TD Securities lowered shares of Imperial Oil from a “buy” rating to a “hold” rating and upped their price target for the company from C$87.00 to C$88.00 in a research note on Thursday, February 29th. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Imperial Oil currently has an average rating of “Hold” and an average target price of C$94.23.

Imperial Oil Price Performance

Shares of IMO opened at C$95.63 on Friday. The company has a 50 day moving average price of C$89.94 and a 200-day moving average price of C$81.97. Imperial Oil has a fifty-two week low of C$60.19 and a fifty-two week high of C$101.63. The stock has a market capitalization of C$51.24 billion, a PE ratio of 11.26, a PEG ratio of 0.21 and a beta of 1.84. The company has a debt-to-equity ratio of 19.49, a quick ratio of 0.98 and a current ratio of 1.26.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings results on Friday, February 2nd. The company reported C$2.47 earnings per share for the quarter, topping the consensus estimate of C$2.08 by C$0.39. Imperial Oil had a net margin of 9.64% and a return on equity of 21.91%. The firm had revenue of C$13.11 billion during the quarter, compared to analysts’ expectations of C$16.57 billion. Equities analysts predict that Imperial Oil will post 8.4369527 earnings per share for the current fiscal year.

About Imperial Oil

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 and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.