Imperial Oil Ltd (IMO) Receives C$43.18 Average PT from Brokerages

Shares of Imperial Oil Ltd (TSE:IMO) (NYSEMKT:IMO) have received a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$43.18.

IMO has been the topic of a number of recent research reports. National Bank Financial reduced their price objective on Imperial Oil from C$40.00 to C$36.00 in a research note on Thursday, August 3rd. AltaCorp Capital cut Imperial Oil from a “sector perform” rating to an “underperform” rating in a research note on Wednesday, August 23rd. J P Morgan Chase & Co boosted their price objective on Imperial Oil from C$36.00 to C$38.00 and gave the stock an “underweight” rating in a research note on Thursday, September 14th. Royal Bank Of Canada reduced their price objective on Imperial Oil from C$41.00 to C$40.00 and set a “sector perform” rating on the stock in a research note on Friday, August 4th. Finally, TD Securities reduced their price objective on Imperial Oil from C$44.00 to C$43.00 and set a “hold” rating on the stock in a research note on Thursday, August 3rd.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 1st will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Thursday, November 30th.

WARNING: This report was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://www.com-unik.info/2017/11/01/imperial-oil-ltd-imo-receives-c43-18-average-pt-from-brokerages.html.

About Imperial Oil

Imperial Oil Limited is an integrated oil company. The Company is engaged in all the phases of the petroleum industry in Canada, including exploration for, and production and sale of, crude oil and natural gas. Its operations are conducted in three segments: Upstream, Downstream and Chemical. The Upstream operations include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen.

Analyst Recommendations for Imperial Oil (TSE:IMO)

What are top analysts saying about Imperial Oil Ltd? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Imperial Oil Ltd and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit