CIBC Increases Imperial Oil (TSE:IMO) Price Target to C$108.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its target price raised by equities researchers at CIBC from C$105.00 to C$108.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 9.34% from the stock’s current price.

IMO has been the subject of a number of other reports. TD Securities upped their price objective on Imperial Oil from C$93.00 to C$96.00 and gave the stock a “hold” rating in a report on Friday, December 13th. Raymond James upped their price target on shares of Imperial Oil from C$101.50 to C$104.00 in a research report on Friday, December 13th. JPMorgan Chase & Co. upped their price target on shares of Imperial Oil from C$97.00 to C$100.00 in a research report on Wednesday, November 13th. Royal Bank of Canada upped their price target on shares of Imperial Oil from C$99.00 to C$101.00 in a research report on Wednesday, November 6th. Finally, Scotiabank cut shares of Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price target for the company. in a research report on Wednesday, September 25th. Ten equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Imperial Oil has a consensus rating of “Hold” and a consensus price target of C$104.20.

Imperial Oil Trading Down 0.0 %

Shares of IMO stock traded down C$0.03 on Friday, reaching C$98.77. 487,705 shares of the stock were exchanged, compared to its average volume of 1,053,390. The stock has a market cap of C$52.92 billion, a P/E ratio of 10.35, a price-to-earnings-growth ratio of 0.21 and a beta of 1.78. The company has a quick ratio of 0.98, a current ratio of 1.40 and a debt-to-equity ratio of 18.27. The firm has a 50 day moving average of C$98.08 and a two-hundred day moving average of C$98.39. Imperial Oil has a 1-year low of C$73.81 and a 1-year high of C$108.89.

Insider Transactions at Imperial Oil

In other Imperial Oil news, Director Bradley William Corson acquired 4,800 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average price of C$97.44 per share, for a total transaction of C$467,713.92. Corporate insiders own 71.26% of the company’s stock.

About Imperial Oil

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves.