Imperial Oil Ltd Surpasses Analyst Target: What Investors Should Consider Next
Shares of Imperial Oil Ltd (Symbol: IMO) have recently traded above the average analyst 12-month target price of $75.83. The stock is currently priced at $75.89 per share. When a stock price hits an analyst’s target, the analyst usually has two choices: downgrade the valuation or raise their target price. Depending on the company’s current developments, a rising stock price may suggest it’s time to increase that target.
In total, 15 analysts contribute to the coverage for Imperial Oil Ltd. These analysts have varying opinions; one sees a price of $66.19, while another sets a target as high as $88.80. The average target has a standard deviation of $6.775, indicating some disparity in expectations.
The average price target offers insight into the collective wisdom of analysts, combining multiple perspectives rather than relying on a single expert opinion. As Imperial Oil Ltd crosses the $75.83 target, it prompts investors to reevaluate. Should they view $75.83 as just an initial milestone on the path to higher prices, or has the stock’s valuation inflated enough to consider selling? Below, you can find the latest ratings from analysts covering Imperial Oil Ltd:
| Recent IMO Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 3 | 3 | 4 | 4 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 11 | 11 | 10 | 10 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.57 | 2.57 | 2.43 | 2.43 |
The average rating shows a scale from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Strong Sell. This information comes from Zacks Investment Research via Quandl.com. You can access the latest Zacks research report on IMO for free.
The Top 25 Broker Analyst Picks of the S&P 500 »
Also see:
• Warren Buffett Dividend Stock Portfolio
• EU Historical Stock Prices
• Funds Holding FMC
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
