Brokerages Set Imperial Oil Ltd (TSE:IMO) Target Price at C$41.62

Shares of Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) have been given an average recommendation of “Hold” by the fourteen analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$41.62.

Several brokerages have recently weighed in on IMO. Raymond James set a C$37.00 price target on Imperial Oil and gave the stock an “underperform” rating in a report on Monday, August 12th. CIBC reduced their price target on Imperial Oil from C$39.00 to C$37.00 in a report on Thursday, July 18th. National Bank Financial increased their price target on Imperial Oil from C$43.00 to C$45.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 16th. Canaccord Genuity reduced their price target on Imperial Oil from C$45.00 to C$42.00 in a report on Tuesday, July 9th. Finally, Royal Bank of Canada reduced their price target on Imperial Oil from C$40.00 to C$39.00 in a report on Thursday, July 18th.

Shares of TSE:IMO traded up C$0.28 during trading on Friday, hitting C$32.66. The company had a trading volume of 427,100 shares, compared to its average volume of 887,979. The stock has a market cap of $24.91 billion and a price-to-earnings ratio of 8.24. Imperial Oil has a one year low of C$32.09 and a one year high of C$44.69. The company has a fifty day simple moving average of C$35.46 and a two-hundred day simple moving average of C$36.61. The company has a debt-to-equity ratio of 21.84, a current ratio of 1.44 and a quick ratio of 1.00.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Wednesday, September 4th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $0.88 annualized dividend and a dividend yield of 2.69%. Imperial Oil’s payout ratio is 19.93%.

Imperial Oil Company Profile

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. It operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2018, this segment had 404 million oil-equivalent barrels of proved undeveloped reserves.

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Analyst Recommendations for Imperial Oil (TSE:IMO)

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