The stock of Imperial Oil Limited (TSE:IMO) is a huge mover today! About 101,233 shares traded hands. Imperial Oil Limited (TSE:IMO) has risen 8.50% since April 11, 2016 and is uptrending. It has outperformed by 4.57% the S&P500.
The move comes after 8 months positive chart setup for the $38.08B company. It was reported on Nov, 15 by Barchart.com. We have $71.22 PT which if reached, will make TSE:IMO worth $22.85B more.
Imperial Oil Limited (TSE:IMO) Ratings Coverage
Out of 5 analysts covering Imperial Oil Limited (TSE:IMO), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. $60 is the highest target while $41 is the lowest. The $46.67 average target is 4.85% above today’s ($44.51) stock price. Imperial Oil Limited has been the topic of 17 analyst reports since July 21, 2015 according to StockzIntelligence Inc. TD Securities upgraded Imperial Oil Limited (TSE:IMO) rating on Thursday, November 3. TD Securities has “Buy” rating and $50 price target. Desjardins Securities maintained Imperial Oil Limited (TSE:IMO) rating on Tuesday, June 28. Desjardins Securities has “” rating and $41 price target. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, September 22. The firm has “Sector Perform” rating given on Wednesday, February 3 by RBC Capital Markets. The firm earned “Outperform” rating on Monday, October 24 by Credit Suisse. The stock of Imperial Oil Limited (TSE:IMO) earned “Sector Perform” rating by Scotia Capital on Thursday, September 22. The company was upgraded on Friday, August 14 by IBC. Raymond James maintained it with “” rating and $51 target price in Monday, June 6 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 Business.Financialpost.com with their article: “Imperial Oil Ltd upgraded, poised to return cash” published on October 31, 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: Fool.ca and their article: “This Analyst Thinks Imperial Oil Limited Has 60% Upside” published on October 27, 2016 as well as Business.Financialpost.com‘s news article titled: “Why now is a good time to own Imperial Oil Ltd” with publication date: April 25, 2016.
Imperial Oil Ltd is a Canada-based integrated oil company. The company has a market cap of $38.08 billion. The Firm is engaged in the exploration for, and production and sale of, natural gas and crude oil. It has a 46.05 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.