Imperial Oil (TSE:IMO – Get Free Report) (NYSEMKT:IMO) had its price objective upped by analysts at Raymond James from C$99.00 to C$101.50 in a report released on Monday, BayStreet.CA reports. Raymond James’ price target would indicate a potential upside of 3.93% from the company’s current price.
IMO has been the subject of several other research reports. JPMorgan Chase & Co. upped their price target on shares of Imperial Oil from C$94.00 to C$97.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. Wolfe Research upgraded shares of Imperial Oil to a “strong-buy” rating in a research note on Thursday, July 18th. National Bankshares dropped their price target on Imperial Oil from C$115.00 to C$112.00 in a research report on Friday, September 27th. Royal Bank of Canada lowered their target price on Imperial Oil from C$108.00 to C$99.00 in a research note on Tuesday, September 17th. Finally, Scotiabank cut Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price target for the company. in a research note on Wednesday, September 25th. Ten investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$99.54.
Check Out Our Latest Analysis on IMO
Imperial Oil Stock Down 0.9 %
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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