In a new note to investors today, an analyst has provided a rating update for Imperial Oil (IMO). Analyst Jon Morrison from CIBC rated Imperial Oil (IMO) a Sell, setting a C$41 price target.
According to TipRanks.com, Morrison ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -15.4% and a 33.3% success rate. Morrison covers the Basic Materials sector, focusing on stocks such as Trican Well Service Ltd, Imperial Oil Limited, and Cenovus Energy Inc.
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Imperial Oil has an analyst consensus of Hold, with a price target consensus of C$48.40.
Imperial Oil’s market cap is currently C$32.9B and has a P/E ratio of 24.4. The company has a Price to Book ratio of 1.37.
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 Thursday at C$41.64.
