Imperial Oil (IMO) Price Target Increased to C$41.00 by Analysts at National Bank Financial

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective hoisted by research analysts at National Bank Financial from C$39.00 to C$41.00 in a research note issued on Tuesday, January 9th. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 6.03% from the company’s current price.

A number of other research analysts have also weighed in on IMO. JPMorgan Chase & Co. increased their price target on Imperial Oil from C$36.00 to C$38.00 and gave the stock an “underweight” rating in a research note on Thursday, September 14th. Barclays reduced their price target on Imperial Oil from C$44.00 to C$38.00 and set an “underweight” rating on the stock in a research note on Thursday, November 2nd. Finally, TD Securities upped their price objective on Imperial Oil from C$42.00 to C$43.00 and gave the stock a “hold” rating in a report on Thursday, November 2nd. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of C$41.40.

Imperial Oil (TSE:IMO) opened at C$38.67 on Tuesday. Imperial Oil has a 52 week low of C$35.15 and a 52 week high of C$43.36. The firm has a market capitalization of $32,690.00, a price-to-earnings ratio of 15.85 and a beta of 0.51.

In related news, Director David Wallace Cornhill purchased 5,500 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average cost of C$39.78 per share, for a total transaction of C$218,790.00.

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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.

Analyst Recommendations for Imperial Oil (TSE:IMO)

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