Imperial Oil (IMO) Gets a Hold Rating from Raymond James
In a report released today, Chris Cox from Raymond James maintained a Hold rating on Imperial Oil (IMO), with a price target of C$21.00. The company’s shares closed last Monday at $16.62.
According to TipRanks.com, Cox is a 1-star analyst with an average return of -1.0% and a 47.8% success rate. Cox covers the Utilities sector, focusing on stocks such as Painted Pony Petroleum, Crescent Point Energy, and Advantage Oil & Gas.
Imperial Oil has an analyst consensus of Hold, with a price target consensus of $17.38, representing a 6.0% upside. In a report issued on August 3, BMO Capital also maintained a Hold rating on the stock with a C$23.00 price target.
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The company has a one-year high of $27.90 and a one-year low of $7.04. Currently, Imperial Oil has an average volume of 671.3K.
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Imperial Oil Ltd. engages in the provision of integrated oil business. It operates through the following business segments: Upstream, Downstream, Chemical and Corporate and Other. The Upstream segment includes the exploration and production of crude oil, natural gas, synthetic oil, and bitumen. The Downstream segment focuses on refining crude oil into petroleum products. The Chemical segment manufactures and markets hydrocarbon-based chemicals and chemical products. The Corporate and Other segment covers assets and liabilities that do not specifically relate to business segments. The company was founded on September 8, 1880 and is headquartered in Calgary, Canada.