Imperial Oil (TSE:IMO) Price Target Raised to C$155.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. raised its price target for Imperial Oil to C$155.00 from C$108.00, a target that implies roughly a 13.24% downside from the stock's previous close.
• Analyst sentiment is largely negative: four analysts rate the stock as Hold and five as Sell, MarketBeat shows an average rating of "Strong Sell" with an average target of C$135.82, though some firms (UBS, National Bank) have much higher targets (C$185 and C$212).
• Imperial Oil shares traded down 3.1% to C$178.66, with a market cap of C$86.4 billion, a P/E of 27.57, and a 1‑year range of C$82.98–C$185.73.

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO had its price objective raised by equities research analysts at JPMorgan Chase & Co. from C$108.00 to C$155.00 in a research note issued on Wednesday,BayStreet.CA reports. JPMorgan Chase & Co.'s target price would indicate a potential downside of 13.24% from the stock's previous close.

Several other research firms have also recently issued reports on IMO. Royal Bank Of Canada cut shares of Imperial Oil from a "sector perform" rating to an "underperform" rating and set a C$116.00 price objective for the company. in a research report on Monday, February 23rd. Desjardins lifted their price objective on shares of Imperial Oil from C$120.00 to C$132.00 and gave the stock a "sell" rating in a research report on Friday, February 20th. UBS Group lifted their price objective on shares of Imperial Oil from C$155.00 to C$185.00 in a research report on Monday, March 16th. National Bank Financial lifted their price objective on shares of Imperial Oil from C$139.00 to C$212.00 and gave the stock a "sector perform" rating in a research report on Tuesday, March 31st. Finally, TD Securities lifted their price objective on shares of Imperial Oil from C$101.00 to C$110.00 and gave the stock a "sell" rating in a research report on Monday, February 23rd. Four analysts have rated the stock with a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Strong Sell" and an average target price of C$135.82.

Imperial Oil Trading Down 3.1%

Imperial Oil stock traded down C$5.72 during trading on Wednesday, hitting C$178.66. The company had a trading volume of 705,947 shares, compared to its average volume of 929,377. Imperial Oil has a 1-year low of C$82.98 and a 1-year high of C$185.73. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 19.69. The company's 50 day simple moving average is C$164.44 and its 200-day simple moving average is C$140.81. The stock has a market cap of C$86.40 billion, a price-to-earnings ratio of 27.57, a price-to-earnings-growth ratio of 0.21 and a beta of 0.52.

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO last posted its earnings results on Friday, January 30th. The company reported C$1.97 earnings per share for the quarter. The firm had revenue of C$11.28 billion during the quarter. Imperial Oil had a net margin of 7.02% and a return on equity of 14.75%. As a group, analysts expect that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

About Imperial Oil

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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