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Imperial Oil (TSE:IMO) target price increased to $45.00, reported today by Scotia Capital

Just yesterday Imperial Oil (TSE:IMO) traded 0.28% higher at $38.85. The company’s 50-day average is $40.24 and its two hundred day moving average is $41.26. The last stock close is down 4.27% relative to the 200-day average, compared with the S&P 500 which has decreased -0.01% over the same period. Trading volume was was up over the average, with 1,290,584 shares of IMO changing hands over the typical 524,630 shares..

Scotia Capital upped the target price of Imperial Oil (TSE:IMO) to $45, stating a possible upside of 0.16%,

Previously on Tuesday June 28 2016, Desjardins Securities released a statement on Imperial Oil(TSE:IMO) bumped the target price from $0.00 to $41.00 that suggested an upside of 0.04%.

Recent Performance Chart:

Imperial Oil (TSE:IMO)

In addition to Scotia Capital reporting it’s price target, a total of 15 firms have released a research note on the stock. The 12-month target price is $34.36 with 0 rating the company a strong buy, three analysts rating the company a buy, 10 analysts rating the stock a hold, two analysts rating the company to underperform, and finally 0 firms rating the stock as sell.

Imperial Oil has a price-earnings of 113 with a 52 week low of $37.25 and a one-year high of $46.27 and has a market cap of $0.0.

Brief Synopsis About Imperial Oil (TSE:IMO)

Imperial Oil Ltd is a Canada-based integrated oil company. The Company is engaged in the exploration for, and production and sale of, crude oil and natural gas. The Company’s operations are conducted in three segments: Upstream, Downstream and Chemical. Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen. Downstream operations consist of the transportation and refining of crude oil, blending of refined products and the distribution and marketing of those products. Chemical operations consist of the manufacturing and marketing of various petrochemicals. The Company holds an interest in the Kearl oil sands project, a joint venture with ExxonMobil Canada Properties. The Kearl project recovers shallow deposits of oil sands using open-pit mining methods. The Company transports its crude oil production and third-party crude oil required to supply refineries by contracted pipelines, and common carrier pipelines and rail.

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