Raymond James Increases Imperial Oil (TSE:IMO) Price Target to C$101.50

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective raised by Raymond James from C$99.00 to C$101.50 in a research report sent to investors on Monday, BayStreet.CA reports.

Other research analysts have also issued reports about the stock. TD Securities increased their target price on shares of Imperial Oil from C$91.00 to C$92.00 and gave the stock a “hold” rating in a research note on Thursday, August 8th. Desjardins increased their price objective on shares of Imperial Oil from C$92.00 to C$101.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. BMO Capital Markets boosted their target price on Imperial Oil from C$115.00 to C$120.00 in a research report on Friday, October 4th. Scotiabank lowered Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price target on the stock. in a report on Wednesday, September 25th. Finally, Royal Bank of Canada reduced their price objective on Imperial Oil from C$108.00 to C$99.00 in a research note on Tuesday, September 17th. Ten research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$99.71.

Imperial Oil Price Performance

Imperial Oil stock opened at C$101.02 on Monday. The stock has a market capitalization of C$54.13 billion, a price-to-earnings ratio of 10.59, a PEG 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. The company has a debt-to-equity ratio of 18.27, a quick ratio of 0.98 and a current ratio of 1.40. The stock’s 50 day moving average price is C$99.65 and its two-hundred day moving average price is C$96.79.

Imperial Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.38%. The ex-dividend date is Tuesday, December 3rd. Imperial Oil’s dividend payout ratio (DPR) is presently 25.16%.

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.