Imperial Oil (IMO) Stock Forecast & Price Target

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C$94.58

-1.77 (-1.84%)

(As of 04/15/2024 ET)

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

Imperial Oil Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Hold
Based on 11 Analyst Ratings

Analysts' Consensus Price Target

C$91.92
-2.81% Downside

High Forecast	C$115.00
Average Forecast	C$91.92
Low Forecast	C$80.00

Type	Current Forecast 4/17/23 to 4/16/24	1 Month Ago 3/18/23 to 3/17/24	3 Months Ago 1/17/23 to 1/17/24	1 Year Ago 4/17/22 to 4/17/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)
Hold	9 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	C$91.92	C$87.46	C$86.00	C$77.36
Predicted Upside	-2.81% Downside	9.21% Upside	12.95% Upside	12.85% Upside

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IMO Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

IMO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Imperial Oil Stock vs. The Competition

Type	Imperial Oil	Energy Companies
Consensus Rating Score	2.18	2.66
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Positive News	Neutral News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
4/9/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$85.00 ➝ C$100.00	+1.76%
3/28/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$95.00 ➝ C$115.00	+22.99%
3/22/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral	C$85.00 ➝ C$90.00	-2.10%
3/22/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold	C$86.00 ➝ C$88.00	-4.27%
3/20/2024	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Perform	C$85.00 ➝ C$90.00	-0.59%
3/1/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Perform	C$89.00 ➝ C$90.00	+4.08%
Get the Latest News and Ratings for IMO and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Imperial Oil and its competitors with MarketBeat's FREE daily newsletter.
2/29/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	C$87.00 ➝ C$88.00	+3.03%
2/12/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$97.00 ➝ C$94.00	+16.77%
11/29/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$78.00 ➝ C$80.00	+1.96%
11/8/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	C$86.00	+15.36%
10/16/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Perform	C$76.00 ➝ C$83.00	-0.31%
10/12/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$82.00 ➝ C$111.00	+35.45%
7/12/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Buy	C$80.00	+23.82%
5/1/2023	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 01:17 AM ET.

IMO Price Target - Frequently Asked Questions

What is Imperial Oil's consensus rating and price target?: According to the issued ratings of 11 analysts in the last year, the consensus rating for Imperial Oil stock is Hold based on the current 9 hold ratings and 2 buy ratings for IMO. The average twelve-month price prediction for Imperial Oil is C$91.92 with a high price target of C$115.00 and a low price target of C$80.00. Learn more on IMO's analyst rating history.
Do Wall Street analysts like Imperial Oil more than its competitors?: Analysts like Imperial Oil less than other Energy companies. The consensus rating for Imperial Oil is Hold while the average consensus rating for energy companies is Moderate Buy. Learn more on how IMO compares to other companies.
Is Imperial Oil being downgraded by Wall Street analysts?: Over the previous 90 days, Imperial Oil's stock had 1 downgrade by analysts.

Does Imperial Oil's stock price have much upside?: According to analysts, Imperial Oil's stock has a predicted upside of 9.42% based on their 12-month stock forecasts.
What analysts cover Imperial Oil?: Imperial Oil has been rated by ATB Capital, BMO Capital Markets, CIBC, Desjardins, JPMorgan Chase & Co., National Bankshares, Royal Bank of Canada, and TD Securities in the past 90 days.

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This page (TSE:IMO) was last updated on 4/16/2024 by MarketBeat.com Staff

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Imperial Oil (IMO) Stock Forecast & Price Target

Imperial Oil Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

IMO Analyst Ratings By Month

IMO Price Targets by Month

Imperial Oil Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

IMO Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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