Imperial Oil (TSE:IMO) Price Target Cut to C$92.00 by Analysts at TD Securities

Imperial Oil (TSE:IMO - Get Free Report) NYSEMKT: IMO had its target price cut by equities researchers at TD Securities from C$94.00 to C$92.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a "hold" rating on the stock. TD Securities' price objective would indicate a potential downside of 3.65% from the stock's previous close.

Several other analysts also recently issued reports on the stock. Raymond James raised shares of Imperial Oil from a "market perform" rating to an "outperform" rating and decreased their price objective for the stock from C$108.00 to C$104.00 in a report on Wednesday, April 9th. Desjardins decreased their price target on shares of Imperial Oil from C$91.00 to C$85.00 and set a "hold" rating for the company in a report on Tuesday, April 15th. The Goldman Sachs Group lowered Imperial Oil from a "neutral" rating to a "sell" rating in a research note on Thursday, March 27th. National Bankshares increased their target price on Imperial Oil from C$109.00 to C$110.00 and gave the company a "sector perform" rating in a research note on Thursday, January 30th. Finally, Wolfe Research downgraded Imperial Oil from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of C$103.33.

Imperial Oil Stock Up 0.9 %

Shares of TSE IMO traded up C$0.82 during mid-day trading on Monday, reaching C$95.49. 771,574 shares of the company traded hands, compared to its average volume of 898,693. The company's fifty day moving average is C$95.80 and its two-hundred day moving average is C$98.36. The company has a debt-to-equity ratio of 18.04, a quick ratio of 0.98 and a current ratio of 1.44. Imperial Oil has a fifty-two week low of C$82.98 and a fifty-two week high of C$108.89. The stock has a market cap of C$49.85 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78.

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.