Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) has earned a consensus rating of “Hold” from the fifteen ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$43.82.
Several brokerages have weighed in on IMO. Royal Bank Of Canada lowered their target price on shares of Imperial Oil from C$41.00 to C$40.00 and set a “sector perform” rating for the company in a research note on Friday, August 4th. TD Securities reduced their price target on shares of Imperial Oil from C$44.00 to C$43.00 and set a “hold” rating on the stock in a research report on Thursday, August 3rd. National Bank Financial reduced their price target on shares of Imperial Oil from C$40.00 to C$36.00 in a research report on Thursday, August 3rd. CIBC cut shares of Imperial Oil from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from C$50.00 to C$45.00 in a research report on Wednesday, May 24th. Finally, Scotiabank reissued a “sector perform” rating and set a C$49.00 price target on shares of Imperial Oil in a research report on Monday, May 1st.
In other Imperial Oil news, insider Jonathan Wetmore sold 5,282 shares of the firm’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of C$36.68, for a total transaction of C$193,743.76.
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About Imperial Oil
Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company 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, 2016, the Upstream segment had 319 million oil-equivalent barrels of proved undeveloped reserves.
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