Imperial Oil (TSE:IMO) target price raised to $44.00, issued a report today by Desjardins Securities
- Updated: December 1, 2016
Imperial Oil (TSE:IMO) had its target price raised to $44.00 by Desjardins Securities in a report released 12/01/2016. The new target price indicates a possible downside of -0.04% based on the company's last closing price.
Previously on Friday November 18, 2016, RBC Capital Markets reported on Imperial Oil (TSE:IMO) raised the target price from $47.00 to $48.00. At the time, this indicated a possible upside of 0.07%.
Yesterday Imperial Oil (TSE:IMO) traded -0.61% lower at $45.71. The company’s 50-day moving average is $43.91 and its 200-day moving average is $41.50. The last closing price is up 10.14% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 327,511 shares of the stock were exchanged, down from an average trading volume of 620,534
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Imperial Oil has a 52 week low of $37.25 and a 52 week high of $46.70 with a P/E ratio of 47.12 The company’s market cap is currently $0.
In addition to Desjardins Securities reporting its target price, a total of 18 brokers have issued a report on the stock. The consensus target price is $34.86 with 0 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 10 brokers rating the stock a hold, 3 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information 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, common carrier pipelines and rail.
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