UBS Reaffirms Their Buy Rating on Imperial Oil (IMO)
UBS analyst Manav Gupta maintained a Buy rating on Imperial Oil today and set a price target of C$206.00.
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Gupta covers the Energy sector, focusing on stocks such as Exxon Mobil, Imperial Oil, and Valero Energy. According to TipRanks, Gupta has an average return of 17.4% and a 70.13% success rate on recommended stocks.
In addition to UBS, Imperial Oil also received a Buy from TipRanks – xAI’s xAi Oil and Gas Integrated in a report issued on March 28. However, yesterday, BMO Capital maintained a Hold rating on Imperial Oil (NYSE MKT: IMO).
The company has a one-year high of C$185.73 and a one-year low of C$82.98. Currently, Imperial Oil has an average volume of 921.6K.
Based on the recent corporate insider activity of 65 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.
Read More on IMO:
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- Imperial Oil price target raised to C$185 from C$129 at BMO Capital
- Imperial Oil price target raised to C$126 from C$107 at Raymond James
- 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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