Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective cut by research analysts at JPMorgan Chase & Co. from C$38.00 to C$37.00 in a report issued on Monday, BayStreet.CA reports. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 10.55% from the stock’s current price.
A number of other research analysts have also recently weighed in on the stock. AltaCorp Capital upgraded shares of Imperial Oil from an “underperform” rating to a “sector perform” rating in a research report on Sunday, October 6th. Goldman Sachs Group cut their price target on shares of Imperial Oil from C$39.00 to C$37.00 in a report on Tuesday, October 22nd. CSFB cut their price target on shares of Imperial Oil from C$38.00 to C$37.00 in a report on Friday, November 22nd. Morgan Stanley cut their price target on shares of Imperial Oil from C$39.00 to C$38.00 in a report on Wednesday, October 23rd. Finally, Citigroup cut their price target on shares of Imperial Oil from C$36.00 to C$30.00 in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of C$37.69.
IMO stock opened at C$33.47 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.45 and a debt-to-equity ratio of 21.91. Imperial Oil has a twelve month low of C$31.51 and a twelve month high of C$40.59. The stock has a market capitalization of $25.47 billion and a price-to-earnings ratio of 9.30. The firm’s fifty day simple moving average is C$33.48 and its two-hundred day simple moving average is C$34.56.
About Imperial Oil
Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. It operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2018, this segment had 404 million oil-equivalent barrels of proved undeveloped reserves.
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