The stock of Imperial Oil Limited (TSE:IMO) is a huge mover today! About 320,122 shares traded hands. Imperial Oil Limited (TSE:IMO) has declined 0.82% since March 24, 2016 and is downtrending. It has underperformed by 4.30% the S&P500.
The move comes after 5 months positive chart setup for the $35.92 billion company. It was reported on Oct, 31 by Barchart.com. We have $54.36 PT which if reached, will make TSE:IMO worth $8.62 billion more.
Imperial Oil Limited (TSE:IMO) Ratings Coverage
Out of 4 analysts covering Imperial Oil Limited (TSE:IMO), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $60 is the highest target while $41 is the lowest. The $46.25 average target is 5.50% above today’s ($43.84) stock price. Imperial Oil Limited has been the topic of 16 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Monday, October 24 the stock rating was upgraded by Credit Suisse to “Outperform”. RBC Capital Markets maintained the shares of IMO in a report on Wednesday, February 3 with “Sector Perform” rating. IBC upgraded Imperial Oil Limited (TSE:IMO) rating on Friday, August 14. IBC has “Sector Outperformer” rating and $60 price target. The rating was maintained by Scotia Capital with “Sector Perform” on Thursday, September 22. Desjardins Securities maintained it with “” rating and $41 target price in Tuesday, June 28 report. RBC Capital Markets maintained Imperial Oil Limited (TSE:IMO) rating on Thursday, September 22. RBC Capital Markets has “Sector Perform” rating and $47 price target. The firm earned “” rating on Monday, June 6 by Raymond James.
More notable recent Imperial Oil Limited (TSE:IMO) news were published by: Fool.ca which released: “This Analyst Thinks Imperial Oil Limited Has 60% Upside” on October 27, 2016, also Business.Financialpost.com with their article: “Imperial Oil Ltd upgraded on strong free cash flow outlook” published on September 22, 2016, Theglobeandmail.com published: “Imperial Oil sells Esso gas stations for $2.8-billion” on March 08, 2016. More interesting news about Imperial Oil Limited (TSE:IMO) were released by: Business.Financialpost.com and their article: “Why now is a good time to own Imperial Oil Ltd” published on April 25, 2016 as well as Fool.ca‘s news article titled: “Is Imperial Oil Limited Still Canada’s Best Oil Stock?” with publication date: September 13, 2016.
Imperial Oil Ltd is a Canada-based integrated oil company. The company has a market cap of $35.92 billion. The Firm is engaged in the exploration for, and production and sale of, natural gas and crude oil. It has a 45.36 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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