Raymond James Keeps a Hold Rating on Imperial Oil (IMO)
Raymond James analyst Chris Cox maintained a Hold rating on Imperial Oil (IMO) yesterday and set a price target of C$18.50. The company’s shares closed last Tuesday at $15.60.
According to TipRanks.com, Cox is a 1-star analyst with an average return of -4.0% and a 44.7% success rate. Cox covers the Utilities sector, focusing on stocks such as Tamarack Valley Energy, Crescent Point Energy, and Advantage Oil & Gas.
Imperial Oil has an analyst consensus of Hold, with a price target consensus of $15.51, a -5.3% downside from current levels. In a report issued on April 29, Citigroup also upgraded the stock to Hold with a C$21.00 price target.
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The company has a one-year high of $28.94 and a one-year low of $7.04. Currently, Imperial Oil has an average volume of 1.11M.
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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.