Zacks: Brokerages Set $31.59 Target Price for Imperial Oil Limited (NASDAQ:IMO)

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Imperial Oil Limited (NASDAQ:IMO) has received a consensus broker rating score of 3.46 (Hold) from the thirteen analysts that provide coverage for the stock, Zacks Investment Research reports. Four research analysts have rated the stock with a strong sell rating, eight have issued a hold rating and one has issued a strong buy rating on the company.

Analysts have set a 1 year consensus target price of $31.59 for the company and are anticipating that the company will post $0.63 earnings per share for the current quarter, according to Zacks. Zacks has also given Imperial Oil an industry rank of 110 out of 256 based on the ratings given to related companies.

Separately, BidaskClub lowered shares of Imperial Oil from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th.

IMO traded up $0.22 on Monday, hitting $24.84. 134,700 shares of the company were exchanged, compared to its average volume of 318,835. The business’s fifty day moving average is $26.78 and its 200 day moving average is $27.50. Imperial Oil has a fifty-two week low of $24.07 and a fifty-two week high of $34.56.

Imperial Oil Company Profile

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, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.

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