Imperial Oil (IMO) Stock Forecast & Price Target

C$76.45

-1.28 (-1.65%)

(As of 11/30/2023 ET)

Compare

Today's Range: C$76.40
▼
C$78.87
50-Day Range: C$75.52
▼
C$84.34
52-Week Range: C$60.19
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C$85.11

Volume: 1.91 million shs
Average Volume: 1.13 million shs
Market Capitalization: C$42.43 billion

P/E Ratio: 8.59
Dividend Yield: 2.62%
Price Target: C$85.80

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 10 Analyst Ratings

Analysts' Consensus Price Target

C$85.80
12.23% Upside

High Forecast	C$111.00
Average Forecast	C$85.80
Low Forecast	C$74.00

Type	Current Forecast 12/1/22 to 12/1/23	1 Month Ago 11/1/22 to 11/1/23	3 Months Ago 9/2/22 to 9/2/23	1 Year Ago 12/1/21 to 12/1/22
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	3 Buy rating(s)	3 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	10 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$85.80	C$83.13	C$78.88	C$74.44
Predicted Upside	12.23% Upside	10.47% Upside	13.23% Upside	14.37% 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	2.20	2.62
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

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
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%
11/7/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	C$80.00 ➝ C$85.00	+9.41%
11/2/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$93.00 ➝ C$95.00	+17.41%
11/1/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$95.00 ➝ C$93.00	+15.44%
10/20/2023	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$80.00 ➝ C$85.00	+3.18%
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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%
10/16/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	C$76.00 ➝ C$85.00	+2.09%
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%
9/18/2023	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	C$76.00 ➝ C$83.00	+4.39%
7/12/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Buy	C$80.00	+23.82%
6/29/2023	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$88.00 ➝ C$87.00	+28.98%
5/1/2023	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy
3/27/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Randy Ollenberger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		C$85.00 ➝ C$84.00	+29.81%
2/3/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$80.00 ➝ C$76.00	+13.21%
2/1/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform	C$70.00 ➝ C$74.00	+3.71%

(Data available from 11/30/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

IMO Price Target - Frequently Asked Questions

What is Imperial Oil's consensus rating and price target?: According to the issued ratings of 10 analysts in the last year, the consensus rating for Imperial Oil stock is Hold based on the current 1 sell rating, 6 hold ratings and 3 buy ratings for IMO. The average twelve-month price prediction for Imperial Oil is C$85.80 with a high price target of C$111.00 and a low price target of C$74.00. 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 12.74% based on their 12-month stock forecasts.
What analysts cover Imperial Oil?: Imperial Oil has been rated by ATB Capital, CIBC, Desjardins, JPMorgan Chase & Co., Morgan Stanley, National Bank Financial, Royal Bank of Canada, Scotiabank, TD Securities, and The Goldman Sachs Group in the past 90 days.

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This page (TSE:IMO) was last updated on 12/1/2023 by MarketBeat.com Staff

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