Imperial Oil (TSE:IMO) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective boosted by research analysts at Royal Bank of Canada from C$99.00 to C$101.00 in a report issued on Wednesday,BayStreet.CA reports. Royal Bank of Canada’s price objective indicates a potential downside of 1.54% from the company’s current price.

A number of other equities analysts also recently commented on IMO. Raymond James boosted their price objective on Imperial Oil from C$99.00 to C$101.50 in a research report on Monday. TD Securities raised their price objective on shares of Imperial Oil from C$92.00 to C$93.00 and gave the company a “hold” rating in a report on Tuesday. Desjardins increased their target price on Imperial Oil from C$92.00 to C$101.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. BMO Capital Markets increased their price objective on Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. Finally, National Bankshares lowered their price target on Imperial Oil from C$115.00 to C$112.00 in a report on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$99.71.

Imperial Oil Stock Performance

Shares of IMO stock opened at C$102.58 on Wednesday. The stock has a market capitalization of C$54.97 billion, a PE ratio of 10.75, a P/E/G ratio of 0.21 and a beta of 1.78. The company has a quick ratio of 0.98, a current ratio of 1.40 and a debt-to-equity ratio of 18.27. Imperial Oil has a 52 week low of C$72.03 and a 52 week high of C$108.89. The firm has a 50 day moving average of C$99.65 and a two-hundred day moving average of C$96.79.

Imperial Oil Company Profile

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.