In a new note to investors on September 26, an analyst has provided a rating update for the Materials sector company, Imperial Oil (TSX: IMO). Analyst Menno Hulshof from TD Securities remains neutral on the stock and has 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 -5.0% and a 39.3% success rate. Hulshof covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Continental Resources, and Range Resources Corp.
Imperial Oil has an analyst consensus of Hold, with a price target consensus of C$46, a 10.0% upside from current levels. 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$33.55B and has a P/E ratio of 36.7. The company has a Price to Book ratio of 1.41.
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 Friday at C$41.80.
