JPMorgan Chase & Co. Issues Positive Forecast for Imperial Oil (TSE:IMO) Stock Price

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective boosted by equities research analysts at JPMorgan Chase & Co. from C$97.00 to C$100.00 in a report released on Wednesday,BayStreet.CA reports. JPMorgan Chase & Co.‘s price target indicates a potential downside of 1.41% from the company’s previous close.

A number of other research firms also recently commented on IMO. Scotiabank downgraded Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price target for the company. in a research note on Wednesday, September 25th. Royal Bank of Canada increased their price target on Imperial Oil from C$99.00 to C$101.00 in a research report on Wednesday, November 6th. Desjardins boosted their target price on shares of Imperial Oil from C$92.00 to C$101.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. National Bankshares lowered their price objective on shares of Imperial Oil from C$115.00 to C$112.00 in a research note on Friday, September 27th. Finally, TD Securities raised their target price on shares of Imperial Oil from C$92.00 to C$93.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Nine analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$101.23.

Imperial Oil Stock Down 0.2 %

Imperial Oil stock traded down C$0.25 during midday trading on Wednesday, hitting C$101.43. 309,586 shares of the company were exchanged, compared to its average volume of 963,308. The company has a market cap of C$54.35 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. The company’s fifty day moving average price is C$99.60 and its 200-day moving average price is C$96.97. Imperial Oil has a fifty-two week low of C$72.03 and a fifty-two week high of C$108.89. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98.

Imperial Oil Company Profile

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.