TD Securities Raises Imperial Oil (TSE:IMO) Price Target to C$93.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target boosted by analysts at TD Securities from C$92.00 to C$93.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price indicates a potential downside of 4.69% from the company’s current price.

A number of other equities analysts have also recently weighed in on IMO. Royal Bank of Canada lowered their price target on Imperial Oil from C$108.00 to C$99.00 in a report on Tuesday, September 17th. National Bankshares reduced their price target on shares of Imperial Oil from C$115.00 to C$112.00 in a research note on Friday, September 27th. Raymond James increased their price objective on shares of Imperial Oil from C$99.00 to C$101.50 in a research report on Monday. Desjardins upped their price target on Imperial Oil from C$92.00 to C$101.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on 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. Ten investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$99.54.

Imperial Oil Trading Down 0.9 %

TSE:IMO traded down C$0.92 on Tuesday, hitting C$97.58. The stock had a trading volume of 265,838 shares, compared to its average volume of 959,474. The company has a fifty day moving average price of C$99.77 and a two-hundred day moving average price of C$96.74. Imperial Oil has a 1-year low of C$72.03 and a 1-year high of C$108.89. 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 stock has a market cap of C$52.29 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 0.21 and a beta of 1.78.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last released its quarterly earnings data on Friday, August 2nd. The company reported C$2.11 EPS for the quarter, beating analysts’ consensus estimates of C$1.94 by C$0.17. The firm had revenue of C$13.38 billion for the quarter, compared to analysts’ expectations of C$14.30 billion. Imperial Oil had a return on equity of 22.17% and a net margin of 10.09%. Equities research analysts expect that Imperial Oil will post 8.6164609 earnings per share for the current fiscal year.

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.