Raymond James Financial Increases Imperial Oil (TSE:IMO) Price Target to C$126.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price raised by research analysts at Raymond James Financial from C$107.00 to C$126.00 in a research note issued on Monday,BayStreet.CA reports. Raymond James Financial’s target price suggests a potential downside of 30.77% from the stock’s previous close.

Several other equities analysts have also recently issued reports on IMO. UBS Group raised their price target on Imperial Oil from C$155.00 to C$185.00 in a report on Monday, March 16th. Desjardins upped their target price on shares of Imperial Oil from C$120.00 to C$132.00 and gave the company a “sell” rating in a research report on Friday, February 20th. National Bank Financial lifted their price target on shares of Imperial Oil from C$127.00 to C$139.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 3rd. Royal Bank Of Canada lowered shares of Imperial Oil from a “sector perform” rating to an “underperform” rating and set a C$116.00 price objective on the stock. in a report on Monday, February 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Imperial Oil from C$99.00 to C$108.00 in a research note on Tuesday, February 3rd. Four analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Strong Sell” and a consensus price target of C$124.18.

Imperial Oil Trading Up 0.4%

IMO stock traded up C$0.75 during trading on Monday, hitting C$182.00. The company had a trading volume of 298,740 shares, compared to its average volume of 932,434. The company has a quick ratio of 0.98, a current ratio of 1.27 and a debt-to-equity ratio of 19.69. The firm has a 50-day moving average price of C$158.32 and a 200-day moving average price of C$138.19. Imperial Oil has a 12 month low of C$82.98 and a 12 month high of C$185.13. The stock has a market cap of C$88.01 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 0.21 and a beta of 0.90.

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) last announced its quarterly earnings data on Friday, January 30th. The company reported C$1.97 EPS for the quarter. The firm had revenue of C$11.28 billion for the quarter. Imperial Oil had a return on equity of 14.75% and a net margin of 7.02%. As a group, analysts predict that Imperial Oil will post 8.6164609 earnings per share for the current year.

About Imperial Oil

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. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.