RBC Capital Maintains a Hold Rating on Imperial Oil (IMO)
In a report released today, 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 Thursday at $16.54.
According to TipRanks.com, Pardy has 0 stars on 0-5 stars ranking scale with an average return of -5.8% and a 43.1% 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 $17.24, a 3.0% upside from current levels. 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 684.7K.
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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.