Imperial Oil (IMO) Price Target Raised to C$47.00 at CSFB

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target lifted by CSFB from C$45.00 to C$47.00 in a research report sent to investors on Friday morning.

Several other analysts also recently issued reports on the company. National Bank Financial raised their price target on Imperial Oil from C$39.00 to C$41.00 and gave the stock a sector perform rating in a report on Tuesday, January 9th. Eight Capital set a C$39.00 price target on Imperial Oil and gave the stock a sell rating in a report on Thursday, January 11th. AltaCorp Capital raised Imperial Oil from an underperform rating to a sector perform rating in a report on Monday, January 15th. Finally, Royal Bank of Canada raised Imperial Oil from an underperform rating to a sector perform rating and raised their price target for the stock from C$40.00 to C$41.00 in a report on Wednesday, January 31st. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of C$41.60.

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Shares of IMO opened at C$36.96 on Friday. Imperial Oil has a 52 week low of C$33.43 and a 52 week high of C$42.25.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last issued its earnings results on Friday, February 2nd. The company reported C$0.52 EPS for the quarter, missing the consensus estimate of C$0.64 by C($0.12). The firm had revenue of C$8.08 billion during the quarter, compared to the consensus estimate of C$7.19 billion.

The business also recently declared a quarterly dividend, which was paid on Sunday, April 1st. Investors of record on Friday, March 2nd were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Thursday, March 1st.

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About Imperial Oil

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company 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, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.

Analyst Recommendations for Imperial Oil (TSE:IMO)

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