Imperial Oil (TSE:IMO) Price Target Increased to C$92.00 by Analysts at Desjardins

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target boosted by Desjardins from C$88.00 to C$92.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ target price indicates a potential downside of 4.35% from the stock’s current price.

Several other analysts have also commented on IMO. CIBC increased their price target on shares of Imperial Oil from C$90.00 to C$105.00 and gave the company a “neutral” rating in a research report on Monday. BMO Capital Markets boosted their price objective on shares of Imperial Oil from C$95.00 to C$115.00 in a report on Thursday, March 28th. TD Securities lowered shares of Imperial Oil from a “buy” rating to a “hold” rating and upped their target price for the company from C$87.00 to C$88.00 in a research note on Thursday, February 29th. JPMorgan Chase & Co. lowered their price objective on shares of Imperial Oil from C$97.00 to C$94.00 in a research report on Monday, February 12th. Finally, ATB Capital upped their target price on shares of Imperial Oil from C$85.00 to C$90.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 20th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Imperial Oil presently has a consensus rating of “Hold” and an average target price of C$95.69.

Imperial Oil Stock Performance

TSE IMO traded down C$0.31 during trading hours on Tuesday, hitting C$96.18. The company had a trading volume of 173,285 shares, compared to its average volume of 880,183. The company has a debt-to-equity ratio of 19.49, a quick ratio of 0.98 and a current ratio of 1.26. Imperial Oil has a 1-year low of C$60.19 and a 1-year high of C$101.63. The company has a market cap of C$51.54 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 0.21 and a beta of 1.84. The business has a 50 day moving average of C$90.26 and a 200-day moving average of C$82.12.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its earnings results on Friday, February 2nd. The company reported C$2.47 earnings per share for the quarter, topping the consensus estimate of C$2.08 by C$0.39. The business had revenue of C$13.11 billion during 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%. As a group, equities research analysts expect that Imperial Oil will post 8.4369527 EPS for the current 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.