Goldman Sachs Keeps Their Sell Rating on Imperial Oil (IMO)
Goldman Sachs analyst reiterated a Sell rating on Imperial Oil on May 19 and set a price target of C$123.00. The company’s shares closed yesterday at C$189.41.
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Imperial Oil has an analyst consensus of Moderate Sell, with a price target consensus of C$148.82, representing a -21.43% downside. In a report released on May 12, TD Cowen also maintained a Sell rating on the stock with a C$156.00 price target.
IMO market cap is currently C$89.59B and has a P/E ratio of 23.48.
Based on the recent corporate insider activity of 71 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 Balances Record Output With Earnings Volatility
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