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Imperial Oil (IMO) Stock Forecast & Price Target

C$95.97
+0.39 (+0.41%)
(As of 07/12/2024 ET)

Imperial Oil - Analysts' Recommendations 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.

Consensus Rating

Consensus Price Target

C$99.38
3.56% Upside
High ForecastC$120.00
Average ForecastC$99.38
Low ForecastC$80.00
TypeCurrent Forecast
7/15/23 to 7/14/24
1 Month Ago
6/15/23 to 6/14/24
3 Months Ago
4/16/23 to 4/15/24
1 Year Ago
7/15/22 to 7/15/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
1 Buy rating(s)
2 Buy rating(s)
5 Buy rating(s)
Hold
9 Hold rating(s)
9 Hold rating(s)
9 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price TargetC$99.38C$96.07C$91.92C$78.80
Forecasted Upside3.56% Upside10.05% Upside9.42% Upside16.91% Upside
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IMO Analyst Recommendations 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.
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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.
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Imperial Oil Stock vs. The Competition

TypeImperial OilEnergy Companies
Consensus Rating Score
2.20
2.69
Consensus RatingHoldModerate Buy
News Sentiment RatingNeutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/12/2024Scotiabank
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J. Bouvier
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Lower TargetC$111.00 ➝ C$110.00+14.20%
5/29/2024Raymond James
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J. Mccrea
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Set TargetMarket PerformC$93.00-1.33%
5/1/2024Royal Bank of Canada
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 Boost TargetSector PerformC$100.00 ➝ C$105.00+13.70%
4/30/2024TD Securities
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 Boost TargetHoldC$89.00 ➝ C$91.00-5.04%
4/23/2024Desjardins
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 Boost TargetHoldC$88.00 ➝ C$92.00-4.38%
4/22/2024CIBC
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 Boost TargetNeutralC$90.00 ➝ C$105.00+8.49%
4/19/2024National Bankshares
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 Boost TargetSector PerformC$90.00 ➝ C$120.00+25.34%
3/28/2024BMO Capital Markets
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 Boost TargetC$95.00 ➝ C$115.00+22.99%
3/20/2024ATB Capital
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 Boost TargetSector PerformC$85.00 ➝ C$90.00-0.59%
2/12/2024JPMorgan Chase & Co.
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 Lower TargetC$97.00 ➝ C$94.00+16.77%
11/29/2023Morgan Stanley
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 Boost TargetC$78.00 ➝ C$80.00+1.96%
11/8/2023The Goldman Sachs Group
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 DowngradeBuy ➝ NeutralC$86.00+15.36%
10/12/2023National Bank Financial
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 Boost TargetC$82.00 ➝ C$111.00+35.45%
7/12/2023UBS Group
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 Set TargetBuyC$80.00+23.82%
5/1/2023Veritas Investment Research
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 Reiterated RatingBuy
2/3/2023CSFB
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 Lower TargetC$80.00 ➝ C$76.00+13.21%
11/21/2022Credit Suisse Group
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 Boost TargetC$80.00+6.31%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 06:21 AM ET.

IMO Forecast - Frequently Asked Questions

What is Imperial Oil's forecast for 2024?

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Imperial Oil is C$99.38, with a high forecast of C$120.00 and a low forecast of C$80.00.

Should I buy or sell Imperial Oil stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Imperial Oil in the last twelve months. There are currently 9 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" IMO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IMO, but not buy additional shares or sell existing shares.

Does Imperial Oil's stock price have much upside?

According to analysts, Imperial Oil's stock has a predicted upside of 10.49% based on their 12-month stock forecasts.

Has Imperial Oil been upgraded by Wall Street analysts recently?

Over the previous 90 days, Imperial Oil's stock had 2 upgrades by analysts.

What analysts cover Imperial Oil?

Imperial Oil has been rated by research analysts at CIBC, Desjardins, National Bankshares, Raymond James, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.

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.


This page (TSE:IMO) was last updated on 7/14/2024 by MarketBeat.com Staff

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