Raymond James Increases Imperial Oil (TSE:IMO) Price Target to C$99.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target hoisted by Raymond James from C$97.00 to C$99.00 in a research note issued on Tuesday, BayStreet.CA reports. Raymond James’ target price would indicate a potential downside of 5.54% from the company’s current price.

Several other equities research analysts have also weighed in on IMO. 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. Scotiabank cut shares of Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price objective on the stock. in a research note on Wednesday, September 25th. JPMorgan Chase & Co. lifted their target price on shares of Imperial Oil from C$94.00 to C$97.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. BMO Capital Markets boosted their target price on Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th. Finally, National Bankshares dropped their price target on Imperial Oil from C$115.00 to C$112.00 in a report on Friday, September 27th. Ten analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$99.25.

Imperial Oil Stock Up 1.1 %

Shares of IMO opened at C$104.81 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.40 and a debt-to-equity ratio of 18.27. The company has a 50-day moving average price of C$98.94 and a two-hundred day moving average price of C$96.10. The stock has a market cap of C$56.16 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 0.21 and a beta of 1.78. Imperial Oil has a 12 month low of C$72.03 and a 12 month high of C$108.89.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its earnings results on Friday, August 2nd. The company reported C$2.11 EPS for the quarter, topping the consensus estimate of C$1.94 by C$0.17. Imperial Oil had a return on equity of 22.17% and a net margin of 10.09%. The business had revenue of C$13.38 billion during the quarter, compared to the consensus estimate of C$14.30 billion. Equities analysts predict that Imperial Oil will post 8.6164609 EPS for the current fiscal year.

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.