CIBC Increases Imperial Oil (TSE:IMO) Price Target to C$108.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price upped by equities research analysts at CIBC from C$105.00 to C$108.00 in a research note issued on Friday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 9.25% from the stock’s current price.

A number of other equities research analysts have also weighed in on IMO. Wolfe Research lowered Imperial Oil from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 3rd. National Bankshares reduced their price objective on Imperial Oil from C$115.00 to C$112.00 in a research report on Friday, September 27th. Royal Bank of Canada boosted their price objective on Imperial Oil from C$99.00 to C$101.00 in a research report on Wednesday, November 6th. JPMorgan Chase & Co. boosted their price objective on Imperial Oil from C$97.00 to C$100.00 in a research report on Wednesday, November 13th. Finally, Scotiabank lowered 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 report on Wednesday, September 25th. Ten investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$104.20.

Imperial Oil Trading Up 0.1 %

Shares of IMO opened at C$98.86 on Friday. Imperial Oil has a 52-week low of C$73.81 and a 52-week high of C$108.89. The business’s fifty day moving average is C$97.96 and its 200-day moving average is C$98.46. The company has a debt-to-equity ratio of 18.27, a quick ratio of 0.98 and a current ratio of 1.40. The firm has a market cap of C$52.97 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 0.21 and a beta of 1.78.

Insider Activity

In other Imperial Oil news, Director Bradley William Corson acquired 4,800 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were bought at an average cost of C$97.44 per share, with a total value of C$467,713.92. 71.26% of the stock is owned by company insiders.

Imperial Oil Company Profile

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves.