Time to Buy Imperial Oil Limited After Today’s Huge Increase?

 Time to Buy Imperial Oil Limited After Today's Huge Increase?

The stock of Imperial Oil Limited (TSE:IMO) is a huge mover today! About 206,229 shares traded hands. Imperial Oil Limited (TSE:IMO) has risen 5.92% since April 26, 2016 and is uptrending. It has outperformed by 0.69% the S&P500.
The move comes after 5 months positive chart setup for the $38.88B company. It was reported on Nov, 30 by Barchart.com. We have $49.80 PT which if reached, will make TSE:IMO worth $3.11B 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 $46.78 average target is 1.45% above today’s ($46.11) stock price. Imperial Oil Limited has been the topic of 18 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by TD Securities on Thursday, November 3. As per Monday, June 6, the company rating was maintained by Raymond James. The rating was upgraded by Credit Suisse on Monday, October 24 to “Outperform”. The firm has “Sector Perform” rating given on Thursday, September 22 by RBC Capital Markets. Desjardins Securities maintained the stock with “” rating in Tuesday, June 28 report. The rating was maintained by Scotia Capital on Thursday, September 22 with “Sector Perform”. The rating was upgraded by IBC to “Sector Outperformer” on Friday, August 14. The rating was maintained by RBC Capital Markets on Wednesday, February 3 with “Sector Perform”.

More notable recent Imperial Oil Limited (TSE:IMO) news were published by: Theglobeandmail.com which released: “Imperial Oil sells Esso gas stations for $2.8-billion” on March 08, 2016, also Business.Financialpost.com with their article: “Imperial Oil Ltd upgraded on strong free cash flow outlook” published on September 22, 2016, Business.Financialpost.com published: “Imperial Oil Ltd fourth quarter profit plunges 84% on low oil prices” on February 02, 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: “This Analyst Thinks Imperial Oil Limited Has 60% Upside” with publication date: October 27, 2016.

Imperial Oil Ltd is a Canada-based integrated oil company. The company has a market cap of $38.88 billion. The Firm is engaged in the exploration for, and production and sale of, natural gas and crude oil. It has a 47.71 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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