Royal Bank of Canada Boosts Imperial Oil (TSE:IMO) Price Target to C$101.00

Imperial Oil (TSE:IMO) (NYSEMKT:IMO) had its price target upped by Royal Bank of Canada from C$99.00 to C$101.00 in a report published on Wednesday, BayStreet.CA reports.

A number of other analysts have also commented on the company. Wolfe Research raised Imperial Oil to a “strong-buy” rating in a report on Thursday, July 18th. TD Securities increased their price target on Imperial Oil from C$92.00 to C$93.00 and gave the company a “hold” rating in a report on Tuesday. Raymond James raised their target price on Imperial Oil from C$99.00 to C$101.50 in a research report on Monday. Scotiabank lowered shares of Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 target price for the company. in a research report on Wednesday, September 25th. Finally, National Bankshares reduced their price objective on Imperial Oil from C$115.00 to C$112.00 in a research note on Friday, September 27th. Ten analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, Imperial Oil has a consensus rating of “Hold” and an average price target of C$99.71.

Imperial Oil Price Performance

IMO opened at C$101.02 on Wednesday. The firm has a market cap of C$54.13 billion, a PE ratio of 10.59, a P/E/G ratio of 0.21 and a beta of 1.78. The company has a debt-to-equity ratio of 18.27, a current ratio of 1.40 and a quick ratio of 0.98. Imperial Oil has a 1 year low of C$72.03 and a 1 year high of C$108.89. The stock has a 50-day moving average price of C$99.65 and a 200-day moving average price of C$96.79.

Imperial Oil Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.38%. Imperial Oil’s payout ratio is 25.16%.

Imperial Oil Company Profile

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.