JPMorgan Chase & Co. Boosts Imperial Oil (TSE:IMO) Price Target to C$39.00


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Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective increased by investment analysts at JPMorgan Chase & Co. from C$37.00 to C$39.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. JPMorgan Chase & Co.‘s price target points to a potential upside of 23.03% from the company’s previous close.

A number of other equities research analysts also recently commented on IMO. National Bank Financial lifted their target price on Imperial Oil from C$31.00 to C$38.00 and gave the company a “sector perform” rating in a research report on Friday, February 19th. Scotiabank lifted their target price on Imperial Oil from C$22.00 to C$32.00 in a research report on Thursday, January 14th. TD Securities lifted their target price on Imperial Oil from C$28.00 to C$29.00 and gave the company a “hold” rating in a research report on Friday, February 26th. Eight Capital lifted their target price on Imperial Oil to C$31.00 and gave the company a “na” rating in a research report on Wednesday, February 17th. Finally, ATB Capital boosted their price objective on Imperial Oil from C$30.75 to C$32.00 and gave the company a “na” rating in a report on Monday, March 15th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of C$32.39.

TSE IMO traded up C$0.07 on Thursday, reaching C$31.70. 581,472 shares of the company were exchanged, compared to its average volume of 1,248,838. The business’s fifty day moving average price is C$29.80 and its 200 day moving average price is C$24.06. The stock has a market capitalization of C$23.27 billion and a P/E ratio of -12.53. The company has a current ratio of 1.34, a quick ratio of 0.80 and a debt-to-equity ratio of 25.10. Imperial Oil has a fifty-two week low of C$14.86 and a fifty-two week high of C$32.67.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its earnings results on Tuesday, February 2nd. The company reported C$0.03 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.09 by C($0.06). The business had revenue of C$6.03 billion during the quarter, compared to the consensus estimate of C$6.23 billion. Equities research analysts forecast that Imperial Oil will post 2.4915876 earnings per share for the current year.

About Imperial Oil

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. It 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, 2020, this segment had 138 million oil-equivalent barrels of proved undeveloped reserves.

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Analyst Recommendations for Imperial Oil (TSE:IMO)

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