Imperial Oil (TSE:IMO) Price Target Raised to C$100.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target upped by JPMorgan Chase & Co. from C$97.00 to C$100.00 in a research note published on Wednesday morning,BayStreet.CA reports.

Other equities research analysts have also issued research reports about the company. National Bankshares cut their target price on Imperial Oil from C$115.00 to C$112.00 in a research report on Friday, September 27th. Wolfe Research raised shares of Imperial Oil to a “strong-buy” rating in a research report on Thursday, July 18th. Raymond James lifted their price objective on shares of Imperial Oil from C$99.00 to C$101.50 in a research note on Monday, November 4th. Scotiabank lowered shares of Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 target price on the stock. in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada lifted their price target on shares of Imperial Oil from C$99.00 to C$101.00 in a research note on Wednesday, November 6th. Nine research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$101.23.

Imperial Oil Price Performance

IMO stock opened at C$104.53 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.40 and a debt-to-equity ratio of 18.27. The firm has a market cap of C$56.01 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 0.21 and a beta of 1.78. The company’s fifty day simple moving average is C$99.68 and its 200 day simple moving average is C$97.06. Imperial Oil has a 12-month low of C$72.03 and a 12-month high of C$108.89.

Imperial Oil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a yield of 2.30%. Imperial Oil’s dividend payout ratio (DPR) is currently 25.16%.

About Imperial Oil

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 and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.