Imperial Oil (TSE:IMO) Stock Rating Lowered by Raymond James Financial

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) was downgraded by investment analysts at Raymond James Financial from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They currently have a C$107.00 price objective on the stock, up from their previous price objective of C$105.00. Raymond James Financial’s target price indicates a potential downside of 3.17% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Desjardins downgraded shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 3rd. The Goldman Sachs Group downgraded shares of Imperial Oil from a “neutral” rating to a “sell” rating in a research report on Thursday, March 27th. Wolfe Research upgraded shares of Imperial Oil from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 21st. TD Securities decreased their price target on shares of Imperial Oil from C$94.00 to C$92.00 and set a “hold” rating on the stock in a research report on Monday, April 21st. Finally, Scotiabank upgraded shares of Imperial Oil to a “hold” rating in a research report on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$104.11.

Imperial Oil Trading Up 0.2%

Shares of IMO stock opened at C$110.50 on Thursday. Imperial Oil has a 12-month low of C$82.98 and a 12-month high of C$114.04. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 18.04. The firm’s 50 day moving average is C$102.62 and its 200 day moving average is C$98.16. The stock has a market capitalization of C$57.69 billion, a P/E ratio of 11.87, a P/E/G ratio of 0.21 and a beta of 1.78.

About Imperial Oil

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.