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Imperial Oil (IMO) Receives a Hold from AltaCorp Captial


Imperial Oil (TSX: IMO), the Materials sector company, has received a rating update from a Wall Street analyst on October 9. AltaCorp Captial’s analyst Nick Lupick reiterates their Hold rating on the shares, with a C$47 price target.

According to TipRanks.com, Lupick is a 4-star analyst with an average return of 4.5% and a 53.2% success rate. Lupick covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, BlackPearl Resources Inc, and Freehold Royalties Ltd.

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Imperial Oil has an analyst consensus of Hold, with a price target consensus of C$44.57, implying a 5.0% upside from current levels. In a report issued on September 26, TD Securities also reiterated a Hold rating on the stock with a C$46 price target.

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The company has a one-year high of C$44.91 and a one-year low of C$33.43. Currently, Imperial Oil has an average volume of 918.8K.

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$42.44.