In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Imperial Oil (TSX: IMO). Analyst Gregory Pardy from RBC Capital remains neutral on the stock and has a C$44 price target.
Pardy has an average return of 6.3% when recommending Imperial Oil.
According to TipRanks.com, Pardy is ranked #1396 out of 4880 analysts.
Imperial Oil has an analyst consensus of Hold, with a price target consensus of C$45.88, implying a 12.6% upside from current levels. In a report issued on September 5, AltaCorp Captial also reiterated a Hold rating on the stock with a C$43 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 907.7K.
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$40.76.
