The stock of Imperial Oil Limited (TSE:IMO) is a huge mover today! About 143,538 shares traded hands. Imperial Oil Limited (TSE:IMO) has declined 3.81% since March 14, 2016 and is downtrending. It has underperformed by 9.36% the S&P500.
The move comes after 5 months positive chart setup for the $36.60 billion company. It was reported on Oct, 19 by Barchart.com. We have $72.34 PT which if reached, will make TSE:IMO worth $24.89 billion more.
Imperial Oil Limited (TSE:IMO) Ratings Coverage
Out of 3 analysts covering Imperial Oil Limited (TSE:IMO), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. $60 is the highest target while $41 is the lowest. The $46.25 average target is 7.41% above today’s ($43.06) stock price. Imperial Oil Limited has been the topic of 15 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, September 22. The stock has “Sector Outperformer” rating given by IBC on Friday, August 14. Raymond James maintained the shares of IMO in a report on Monday, June 6 with “” rating. RBC Capital Markets maintained Imperial Oil Limited (TSE:IMO) rating on Wednesday, February 3. RBC Capital Markets has “Sector Perform” rating and $42 price target. The firm has “Sector Perform” rating by Scotia Capital given on Thursday, September 22. Desjardins Securities maintained the stock with “” rating in Tuesday, June 28 report.
More notable recent Imperial Oil Limited (TSE:IMO) news were published by: Business.Financialpost.com which released: “Imperial Oil Ltd upgraded on strong free cash flow outlook” on September 22, 2016, also Theglobeandmail.com with their article: “Imperial Oil sells Esso gas stations for $2.8-billion” published on March 08, 2016, Business.Financialpost.com published: “Why now is a good time to own Imperial Oil Ltd” on April 25, 2016. More interesting news about Imperial Oil Limited (TSE:IMO) were released by: Fool.ca and their article: “Is Imperial Oil Limited Still Canada’s Best Oil Stock?” published on September 13, 2016 as well as Fool.ca‘s news article titled: “Is Imperial Oil Limited Still the Safest Oil Stock?” with publication date: July 14, 2016.
Imperial Oil Ltd is a Canada-based integrated oil company. The company has a market cap of $36.60 billion. The Firm is engaged in the exploration for, and production and sale of, natural gas and crude oil. It has a 123.86 P/E ratio. The Company’s activities are conducted in three divisions: Upstream, Downstream and Chemical.
IMO.TO Company Profile
Imperial Oil Limited, incorporated on May 1, 1978, is an integrated oil company. The Firm is engaged in the exploration for, and production and sale of, natural gas and crude oil. The Company’s activities are conducted in three divisions: Upstream, Downstream and Chemical. Upstream activities include the exploration for, and production of, crude oil, natural gas, synthetic oil and bitumen. Downstream activities consist of the transportation and refining of crude oil, blending of refined products and the distribution and marketing of those products. Chemical activities consist of the manufacturing and marketing of various petrochemicals.
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