Raymond James Sticks to Their Sell Rating for Imperial Oil (IMO)
Raymond James analyst Michael Barth, CFA maintained a Sell rating on Imperial Oil on March 27 and set a price target of C$126.00. The company’s shares closed last Friday at C$181.25.
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Barth, CFA covers the Energy sector, focusing on stocks such as Enbridge, Imperial Oil, and TC Energy. According to TipRanks, Barth, CFA has an average return of 34.5% and an 86.59% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Imperial Oil with a C$128.48 average price target, representing a -29.11% downside. In a report released on March 12, Goldman Sachs also maintained a Sell rating on the stock with a C$110.00 price target.
IMO market cap is currently C$87.65B and has a P/E ratio of 18.28.
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IMO in relation to earlier this year.
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- Imperial Oil price target raised to C$140 from C$98 at Morgan Stanley
- Imperial Oil price target raised to C$130 from C$110 at Scotiabank
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- Imperial Oil price target raised to C$110 from C$101 at TD Securities
- Imperial Oil downgraded to Underperform from Sector Perform at RBC Capital
