RBC Capital Maintains a Hold Rating on Imperial Oil (IMO)
In a report issued on October 16, Gregory Pardy from RBC Capital maintained a Hold rating on Imperial Oil (IMO), with a price target of C$24.00. The company’s shares closed last Friday at $12.42.
According to TipRanks.com, Pardy has 0 stars on 0-5 stars ranking scale with an average return of -8.8% and a 39.5% success rate. Pardy covers the Utilities sector, focusing on stocks such as Canadian Natural, Vermilion Energy, and Cenovus Energy.
Currently, the analyst consensus on Imperial Oil is a Hold with an average price target of $17.34, which is a 38.8% upside from current levels. In a report issued on October 6, National Bank also maintained a Hold rating on the stock with a C$30.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $27.43 and a one-year low of $7.04. Currently, Imperial Oil has an average volume of 476.1K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.