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.
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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