JPMorgan Chase & Co. Raises Imperial Oil (TSE:IMO) Price Target to C$100.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target raised by equities researchers at JPMorgan Chase & Co. from C$97.00 to C$100.00 in a research note issued on Wednesday,BayStreet.CA reports. JPMorgan Chase & Co.‘s price target indicates a potential downside of 4.64% from the stock’s current price.

IMO has been the topic of a number of other research reports. BMO Capital Markets upped their price target on shares of Imperial Oil from C$115.00 to C$120.00 in a research note on Friday, October 4th. TD Securities upped their target price on Imperial Oil from C$92.00 to C$93.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Scotiabank downgraded 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. Desjardins upped their price objective 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. Finally, Wolfe Research raised Imperial Oil to a “strong-buy” rating in a report on Thursday, July 18th. Nine analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$101.23.

Imperial Oil Trading Up 2.9 %

IMO stock opened at C$104.87 on Wednesday. The stock has a market cap of C$56.19 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. The company has a fifty day moving average price of C$99.61 and a two-hundred day moving average price of C$97.01. Imperial Oil has a one year low of C$72.03 and a one year high of C$108.89. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98.

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.