In a report released yesterday, Gregory Pardy from RBC Capital maintained a Hold rating on Imperial Oil (IMO – Research Report), with a price target of C$82.00. The company’s shares closed yesterday at $56.26.
According to TipRanks, Pardy is a 5-star analyst with an average return of 22.4% and a 60.11% success rate. Pardy covers the Energy sector, focusing on stocks such as Cenovus Energy, Baytex Energy, and Enerplus.
In addition to RBC Capital, Imperial Oil also received a Hold from J.P. Morgan’s John Royall in a report issued on December 8. However, on December 19, Scotiabank maintained a Buy rating on Imperial Oil (NYSE MKT: IMO).
See the top stocks recommended by analysts >>
IMO market cap is currently $30.04B and has a P/E ratio of 8.39.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Imperial Oil (IMO) Company Description:
Imperial Oil Ltd. engages in the provision of integrated oil business. It operates through the following business segments: Upstream, Downstream, Chemical and Corporate and Other. The Upstream segment includes the exploration and production of crude oil, natural gas, synthetic oil, and bitumen. The Downstream segment focuses on refining crude oil into petroleum products. The Chemical segment manufactures and markets hydrocarbon-based chemicals and chemical products. The Corporate and Other segment covers assets and liabilities that do not specifically relate to business segments. The company was founded on September 8, 1880 and is headquartered in Calgary, Canada.
Read More on IMO:
