Imperial Oil (TSX: IMO), the Materials sector company, has received a rating update from a Wall Street analyst today. The company received a Buy rating from Canaccord Genuity’s analyst Dennis Fong, with a C$52 price target.
According to TipRanks.com, Fong is a 4-star analyst with an average return of 4.4% and a 44.2% success rate. Fong covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.
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The word on The Street in general, suggests a Hold analyst consensus rating for Imperial Oil with a C$44.86 average price target.
Imperial Oil’s market cap is currently C$34.94B and has a P/E ratio of 38.2. The company has a Price to Book ratio of 1.47.
Imperial Oil Ltd. engages in the provision of integrated oil business. It operates through the following segment: Upstream, Downstream, and Chemical. The Upstream segment includes the exploration and production of crude oil and its equivalent, and natural gas. The Downstream segment operations consists of the refining of crude oil into petroleum products.
The company’s shares closed on Tuesday at C$44.16, close to its 52-week high of C$44.91.
