Imperial Oil (TSE:IMO) PT Raised to C$80.00

Imperial Oil (TSE:IMOGet Rating) (NYSEMKT:IMO) had its target price lifted by Credit Suisse Group to C$80.00 in a report released on Monday morning, Stock Target Advisor reports.

A number of other research firms have also recently commented on IMO. The Goldman Sachs Group lowered their target price on Imperial Oil from C$76.00 to C$72.00 in a research note on Monday, August 15th. CSFB raised their target price on Imperial Oil from C$72.00 to C$80.00 in a research note on Monday. BMO Capital Markets upgraded Imperial Oil to a buy rating and set a C$85.00 target price for the company in a research note on Friday, October 28th. Raymond James raised their target price on Imperial Oil from C$70.00 to C$75.00 and gave the company a market perform rating in a research note on Tuesday, November 1st. Finally, Scotiabank cut Imperial Oil from an outperform rating to a sector perform rating and lowered their target price for the company from C$80.00 to C$78.00 in a research note on Thursday, October 13th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of C$74.44.

Imperial Oil Trading Up 0.1 %

IMO opened at C$76.52 on Monday. The stock has a market cap of C$48.72 billion and a PE ratio of 7.87. The company has a quick ratio of 0.98, a current ratio of 1.23 and a debt-to-equity ratio of 19.60. The business has a 50 day moving average of C$67.98 and a 200-day moving average of C$64.38. Imperial Oil has a 52 week low of C$41.04 and a 52 week high of C$79.83.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, January 1st. Stockholders of record on Friday, December 2nd will be paid a $0.44 dividend. The ex-dividend date is Thursday, December 1st. This represents a $1.76 annualized dividend and a dividend yield of 2.30%. This is a boost from Imperial Oil’s previous quarterly dividend of $0.34. Imperial Oil’s payout ratio is currently 13.23%.

About Imperial Oil

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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 for, and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2021, this segment had 386 million oil-equivalent barrels of proved undeveloped reserves.

Further Reading

Analyst Recommendations for Imperial Oil (TSE:IMO)

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