Imperial Oil Limited (TSE:IMO) Receives C$101.23 Consensus Price Target from Analysts

Shares of Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) have been given an average recommendation of “Hold” by the ten research firms that are presently covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$101.23.

A number of analysts have recently weighed in on the stock. Scotiabank downgraded shares of Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 target price on the stock. in a report on Wednesday, September 25th. Raymond James increased their price target on Imperial Oil from C$99.00 to C$101.50 in a report on Monday, November 4th. TD Securities lifted their price objective 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. JPMorgan Chase & Co. increased their price target on Imperial Oil from C$97.00 to C$100.00 in a report on Wednesday, November 13th. Finally, BMO Capital Markets lifted their price objective on shares of Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th.

Imperial Oil Stock Up 1.1 %

Imperial Oil stock opened at C$105.73 on Friday. The stock has a market cap of C$56.65 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. 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 has a fifty day moving average of C$99.99 and a 200 day moving average of C$97.17. Imperial Oil has a one year low of C$72.03 and a one year high of C$108.89.

Imperial Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd will be issued a $0.60 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.27%. Imperial Oil’s payout ratio is 25.16%.

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.