TD Securities cut shares of Imperial Oil Limited (TSE:IMO) from a buy rating to a hold rating in a research report sent to investors on Friday morning, Analyst Ratings Network reports. The firm currently has C$52.00 price target on the stock.
TD Securities has also updated their ratings on a number of other stocks in the last week. The firm initiated coverage on shares of Sierra Wireless. They issued a hold rating on that stock. Also, TD Securities raised its price target on shares of Gildan Activewear from $54.00 to $55.00. They have an action list buy rating on that stock. Finally, TD Securities raised its price target on shares of EnCana Co. from $23.00 to $24.00.
Shares of Imperial Oil Limited (TSE:IMO) traded down 0.84% during mid-day trading on Friday, hitting $45.92. The stock had a trading volume of 165,670 shares. Imperial Oil Limited has a 52 week low of $38.58 and a 52 week high of $47.00. The stock’s 50-day moving average is $45.46 and its 200-day moving average is $43.07. The company has a market cap of $38.922 billion and a price-to-earnings ratio of 13.78.
Separately, analysts at BMO Capital Markets raised their price target on shares of Imperial Oil Limited from C$47.00 to C$48.00 in a research note to investors on Friday, October 11th. They now have a market perform rating on the stock.
Imperial Oil Limited (TSE:IMO) is an integrated oil company.
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