Imperial Oil (TSE:IMO) Given New C$105.00 Price Target at CIBC

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price lifted by analysts at CIBC from C$90.00 to C$105.00 in a report released on Monday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the stock. CIBC’s price objective points to a potential upside of 8.80% from the stock’s current price.

IMO has been the topic of several other reports. National Bankshares increased their target price on shares of Imperial Oil from C$90.00 to C$120.00 and gave the stock a “sector perform” rating in a research report on Friday, April 19th. BMO Capital Markets raised their price target on Imperial Oil from C$95.00 to C$115.00 in a research report on Thursday, March 28th. TD Securities downgraded Imperial Oil from a “buy” rating to a “hold” rating and raised their price target for the company from C$87.00 to C$88.00 in a research report on Thursday, February 29th. Royal Bank of Canada raised their price target on Imperial Oil from C$85.00 to C$100.00 in a research report on Tuesday, April 9th. Finally, Desjardins raised their price target on Imperial Oil from C$86.00 to C$88.00 and gave the company a “hold” rating in a research report on Friday, March 22nd. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$95.69.

Imperial Oil Trading Up 0.0 %

Imperial Oil stock opened at C$96.51 on Monday. The company has a debt-to-equity ratio of 19.49, a current ratio of 1.26 and a quick ratio of 0.98. The company has a market capitalization of C$51.71 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 0.21 and a beta of 1.84. Imperial Oil has a one year low of C$60.19 and a one year high of C$101.63. The company’s fifty day moving average price is C$90.60 and its two-hundred day moving average price is C$82.25.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last posted its earnings results on Friday, February 2nd. The company reported C$2.47 EPS for the quarter, topping the consensus estimate of C$2.08 by C$0.39. The firm had revenue of C$13.11 billion for the quarter, compared to the consensus estimate of C$16.57 billion. Imperial Oil had a net margin of 9.64% and a return on equity of 21.91%. On average, analysts forecast that Imperial Oil will post 8.4369527 earnings per share 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.