Imperial Oil (IMO) Price Target Raised to C$41.00 at National Bank Financial

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective boosted by National Bank Financial from C$39.00 to C$41.00 in a report published on Tuesday morning. The firm currently has a sector perform rating on the stock.

A number of other research firms have also weighed in on IMO. TD Securities upped their price target on shares of Imperial Oil from C$42.00 to C$43.00 and gave the stock a hold rating in a research report on Thursday, November 2nd. JPMorgan Chase & Co. upped their price target on shares of Imperial Oil from C$36.00 to C$38.00 and gave the stock an underweight rating in a research report on Thursday, September 14th. Finally, Barclays dropped their price target on shares of Imperial Oil from C$44.00 to C$38.00 and set an underweight rating for the company in a research report on Thursday, November 2nd. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The company presently has a consensus rating of Hold and a consensus target price of C$42.27.

Imperial Oil (IMO) opened at C$39.26 on Tuesday. The firm has a market cap of $32,740.00, a P/E ratio of 16.09 and a beta of 0.51. Imperial Oil has a 12-month low of C$35.15 and a 12-month high of C$45.73.

The business also recently announced a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Friday, December 1st were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Thursday, November 30th. Imperial Oil’s dividend payout ratio (DPR) is presently 25.41%.

In related news, Director David Wallace Cornhill bought 5,500 shares of the stock in a transaction dated Wednesday, December 6th. The shares were purchased at an average price of C$39.78 per share, with a total value of C$218,790.00.

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About Imperial Oil

Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.

Analyst Recommendations for Imperial Oil (TSE:IMO)

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