Imperial Oil (TSE:IMO – Get Free Report) (NYSEMKT:IMO) had its target price hoisted by equities researchers at JPMorgan Chase & Co. from C$94.00 to C$97.00 in a research report issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 7.47% from the stock’s previous close.
A number of other analysts have also commented on the stock. TD Securities lifted their target price on shares of Imperial Oil from C$91.00 to C$92.00 and gave the stock a “hold” rating in a report on Thursday, August 8th. Royal Bank of Canada lowered their target price on shares of Imperial Oil from C$108.00 to C$99.00 in a report on Tuesday, September 17th. Desjardins lifted their target price on shares of Imperial Oil from C$92.00 to C$101.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. BMO Capital Markets lifted their target price on shares of Imperial Oil from C$115.00 to C$120.00 in a report on Friday. Finally, Scotiabank lowered shares of Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price target for the company. in a report on Wednesday, September 25th. Ten research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$99.69.
Check Out Our Latest Analysis on Imperial Oil
Imperial Oil Price Performance
Imperial Oil (TSE:IMO – Get Free Report) (NYSEMKT:IMO) last posted its quarterly earnings data on Friday, August 2nd. The company reported C$2.11 earnings per share for the quarter, topping the consensus estimate of C$1.94 by C$0.17. Imperial Oil had a net margin of 10.09% and a return on equity of 22.17%. The firm had revenue of C$13.38 billion during the quarter, compared to analysts’ expectations of C$14.30 billion. As a group, research analysts predict that Imperial Oil will post 7.6458814 EPS for the current year.
About Imperial Oil
Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.
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