JPMorgan Chase & Co. Raises Imperial Oil (TSE:IMO) Price Target to C$100.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective increased by equities researchers at JPMorgan Chase & Co. from C$97.00 to C$100.00 in a research note issued on Wednesday,BayStreet.CA reports. JPMorgan Chase & Co.‘s target price indicates a potential downside of 1.41% from the company’s current price.

IMO has been the subject of several other research reports. TD Securities increased their target price on shares of Imperial Oil from C$92.00 to C$93.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Raymond James boosted their price objective on Imperial Oil from C$99.00 to C$101.50 in a report on Monday, November 4th. Desjardins lifted their price objective on shares of Imperial Oil from C$92.00 to C$101.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Wolfe Research raised Imperial Oil to a “strong-buy” rating in a research report on Thursday, July 18th. Finally, Royal Bank of Canada raised their price objective on shares of Imperial Oil from C$99.00 to C$101.00 in a report on Wednesday, November 6th. Nine analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Imperial Oil presently has an average rating of “Hold” and an average target price of C$101.23.

Imperial Oil Trading Down 0.2 %

Shares of IMO traded down C$0.25 during mid-day trading on Wednesday, reaching C$101.43. The stock had a trading volume of 309,586 shares, compared to its average volume of 963,308. The business’s fifty day moving average is C$99.60 and its 200 day moving average is C$96.97. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98. The firm has a market cap of C$54.35 billion, a price-to-earnings ratio of 10.64, a P/E/G ratio of 0.21 and a beta of 1.78. Imperial Oil has a 52-week low of C$72.03 and a 52-week high of C$108.89.

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.