Goldman Sachs Keeps Their Sell Rating on Imperial Oil (IMO)
Goldman Sachs analyst Neil Mehta maintained a Sell rating on Imperial Oil today and set a price target of C$94.00. The company’s shares closed yesterday at $88.24.
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Mehta covers the Energy sector, focusing on stocks such as Delek US Holdings, Exxon Mobil, and HF Sinclair Corporation. According to TipRanks, Mehta has an average return of 9.0% and a 58.16% success rate on recommended stocks.
In addition to Goldman Sachs, Imperial Oil also received a Sell from J.P. Morgan’s Arun Jayaram in a report issued on October 23. However, on November 3, BMO Capital maintained a Buy rating on Imperial Oil (NYSE MKT: IMO).
The company has a one-year high of $96.09 and a one-year low of $58.76. Currently, Imperial Oil has an average volume of 413.4K.
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.
Read More on IMO:
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