Analysts Set Imperial Oil Limited (TSE:IMO) Price Target at C$101.23

Imperial Oil Limited (TSE:IMO) (NYSEMKT:IMO) has been given an average rating of “Hold” by the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$101.23.

Several research firms recently commented on IMO. Scotiabank downgraded Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price objective for the company. in a research note on Wednesday, September 25th. Desjardins increased their target price on shares of Imperial Oil from C$92.00 to C$101.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. 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. National Bankshares cut their price objective on shares of Imperial Oil from C$115.00 to C$112.00 in a report on Friday, September 27th. Finally, BMO Capital Markets boosted their target price on Imperial Oil from C$115.00 to C$120.00 in a report on Friday, October 4th.

Imperial Oil Price Performance

Shares of Imperial Oil stock opened at C$105.73 on Friday. The stock has a market capitalization of C$56.65 billion, a P/E ratio of 11.08, a PEG ratio of 0.21 and a beta of 1.78. The business has a 50 day simple moving average of C$99.99 and a two-hundred day simple moving average of C$97.17. Imperial Oil has a 12 month low of C$72.03 and a 12 month high of C$108.89. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98.

Imperial Oil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Tuesday, December 3rd. Imperial Oil’s payout ratio is presently 25.16%.

About Imperial Oil

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.