Desjardins Sticks to Their Hold Rating for Imperial Oil

Wall Street analyst has provided a rating update for the Materials sector company today, while remaining neutral on the stock. Imperial Oil (TSX: IMO) received a Hold rating from Desjardins’ analyst Justin Bouchard, with a C$41 price target.

According to TipRanks.com, Bouchard is ranked #4246 out of 4743 analysts.

Currently, the analyst consensus on Imperial Oil is Hold and the average price target is C$41.43, representing a 6.4% upside.

In a report released yesterday, BMO Capital also reiterated a Hold rating on the stock with a C$42 price target.

Imperial Oil’s market cap is currently C$32.88B and has a P/E ratio of 16.1.

Imperial Oil Ltd. is an integrated oil company, which engages in the exploration, production and sale of crude oil and natural gas in Canada. It also petroleum refiner, producer and marketer of petroleum products. The company operates its business through following segments: Upstream, Downstream and Chemical.

The company’s shares closed on Friday at C$38.93.

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