Imperial Oil (TSE:IMO) Price Target Raised to C$205.00 at UBS Group

Key Points

• UBS Group raised Imperial Oil’s price target from C$195 to C$205, implying 10.87% potential upside from the reported C$184.90 share price.
• Analyst sentiment remains cautious: Imperial Oil has an average “Reduce” rating and a consensus price target of C$144.92, with five Hold and five Sell ratings.
• Shares rose C$4.54 on Monday to C$184.90, near their 12-month high of C$191.76. In its latest quarter, the company reported C$4.52 EPS and C$15.98 billion in revenue.

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO had its target price hoisted by analysts at UBS Group from C$195.00 to C$205.00 in a research report issued to clients and investors on Monday, BayStreet reports. UBS Group's price target would suggest a potential upside of 10.87% from the company's current price.

Other equities analysts have also recently issued reports about the company. National Bank Financial dropped their price objective on Imperial Oil from C$214.00 to C$209.00 and set a "sector perform" rating for the company in a report on Wednesday, August 5th. Desjardins set a C$160.00 price target on Imperial Oil and gave the company a "hold" rating in a research note on Friday, July 17th. JPMorgan Chase & Co. upped their price objective on shares of Imperial Oil from C$149.00 to C$158.00 in a research report on Tuesday, July 14th. Scotia decreased their target price on shares of Imperial Oil from C$159.00 to C$156.00 and set a "sector perform" rating on the stock in a report on Wednesday, August 5th. Finally, TD boosted their target price on shares of Imperial Oil from C$150.00 to C$151.00 and gave the company a "sell" rating in a research report on Wednesday, August 5th. Five investment analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, Imperial Oil presently has an average rating of "Reduce" and an average target price of C$144.92.

Imperial Oil Stock Performance

Shares of TSE:IMO traded up C$4.54 on Monday, reaching C$184.90. 812,536 shares of the company's stock were exchanged, compared to its average volume of 796,696. Imperial Oil has a twelve month low of C$114.75 and a twelve month high of C$191.76. The company has a fifty day moving average of C$179.18 and a 200-day moving average of C$174.14. The company has a market capitalization of C$89.42 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 0.21 and a beta of 0.41. The company has a current ratio of 1.38, a quick ratio of 0.98 and a debt-to-equity ratio of 17.11.

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO last issued its quarterly earnings results on Friday, July 31st. The company reported C$4.52 earnings per share (EPS) for the quarter. The business had revenue of C$15.98 billion during the quarter. Imperial Oil had a return on equity of 18.76% and a net margin of 7.81%. On average, research analysts predict that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

Imperial Oil Company Profile

Imperial Oil is one of Canada's largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.

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