Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Analyst Menno Hulshof from TD Securities reiterated a Hold rating on Imperial Oil (TSX: IMO), with a C$46 price target.
According to TipRanks.com, Hulshof is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -4.6% and a 41.1% success rate. Hulshof covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Continental Resources, and Range Resources Corp.
Currently, the analyst consensus on Imperial Oil is a Hold with an average price target of C$46, representing a 5.7% upside. In a report issued on September 20, RBC Capital also reiterated a Hold rating on the stock with a C$44 price target.
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Imperial Oil’s market cap is currently C$35.08B and has a P/E ratio of 38.3. 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 Thursday at C$43.50, close to its 52-week high of C$44.91.
