Imperial Oil (IMO) Gets a Hold Rating from Raymond James

Raymond James analyst George Huang maintained a Hold rating on Imperial Oil (IMOResearch Report) today and set a price target of C$71.00. The company’s shares closed last Tuesday at $44.53.

According to TipRanks.com, Huang is a 5-star analyst with an average return of 33.2% and a 77.8% success rate. Huang covers the Utilities sector, focusing on stocks such as Canadian Natural, Cenovus Energy, and Suncor Energy.

Imperial Oil has an analyst consensus of Hold, with a price target consensus of $57.98.

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The company has a one-year high of $57.89 and a one-year low of $23.94. Currently, Imperial Oil has an average volume of 654.5K.

Based on the recent corporate insider activity of 86 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Imperial Oil Ltd. engages in the provision of integrated oil business. It operates through the following business segments: Upstream, Downstream, Chemical and Corporate and Other. The Upstream segment includes the exploration and production of crude oil, natural gas, synthetic oil, and bitumen. The Downstream segment focuses on refining crude oil into petroleum products. The Chemical segment manufactures and markets hydrocarbon-based chemicals and chemical products. The Corporate and Other segment covers assets and liabilities that do not specifically relate to business segments. The company was founded on September 8, 1880 and is headquartered in Calgary, Canada.

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