TD Securities Issues Positive Forecast for Imperial Oil (TSE:IMO) Stock Price

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target raised by equities research analysts at TD Securities from C$94.00 to C$97.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price target points to a potential downside of 2.84% from the stock’s current price.

A number of other research firms have also recently issued reports on IMO. Raymond James upped their price target on shares of Imperial Oil from C$101.50 to C$104.00 in a report on Friday, December 13th. Royal Bank of Canada raised their price objective on shares of Imperial Oil from C$99.00 to C$101.00 in a research note on Wednesday, November 6th. National Bankshares lifted their price target on shares of Imperial Oil from C$109.00 to C$110.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 30th. Wolfe Research cut shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Imperial Oil from C$97.00 to C$100.00 in a research report on Wednesday, November 13th. Ten equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$104.10.

Imperial Oil Stock Performance

IMO stock traded down C$3.44 during mid-day trading on Friday, reaching C$99.84. 288,745 shares of the stock traded hands, compared to its average volume of 916,006. The company has a quick ratio of 0.98, a current ratio of 1.44 and a debt-to-equity ratio of 18.04. Imperial Oil has a 52 week low of C$81.44 and a 52 week high of C$108.89. The business has a 50-day moving average of C$96.05 and a two-hundred day moving average of C$99.15. The firm has a market capitalization of C$52.12 billion, a PE ratio of 10.72, a P/E/G ratio of 0.21 and a beta of 1.78.

Insider Activity at Imperial Oil

In related news, Director Bradley William Corson acquired 4,800 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of C$97.44 per share, with a total value of C$467,713.92. 71.26% of the stock is owned by insiders.

Imperial Oil Company Profile

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves.