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

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price objective boosted by stock analysts at TD Securities from C$94.00 to C$97.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential downside of 2.84% from the stock’s previous close.

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

Imperial Oil Price Performance

Shares of TSE IMO traded down C$3.44 during trading hours on Friday, hitting C$99.84. 288,745 shares of the stock were exchanged, compared to its average volume of 916,006. The company has a market cap of C$52.12 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. The company has a debt-to-equity ratio of 18.04, a quick ratio of 0.98 and a current ratio of 1.44. The company’s fifty day simple moving average is C$96.05 and its two-hundred day simple moving average is C$99.15. Imperial Oil has a 1-year low of C$81.44 and a 1-year high of C$108.89.

Insider Activity

In other Imperial Oil news, Director Bradley William Corson acquired 4,800 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of C$97.44 per share, for a total transaction 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.