RBC Capital Ticks Up Imperial Oil Value Goal By 1.5%

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  • Imperial Oil Ltd IMO IMO worth goal has been raised to C$66 from C$65 by RBC Capital analyst Greg Pardy whereas sustaining the Outperform score on the shares.
  • The analyst states that the bullish stance towards Imperial Oil displays its succesful management staff, favorable long-term working outlook, robust stability sheet, and dedication to shareholder returns.
  • Imperial introduced a considerable issuer bid (SIB) to buy as much as C$2.5 billion (4.8%-6%) of its excellent widespread shares.
  • Value Motion: IMO shares are buying and selling decrease by 2.01% at C$60.99 on TSX and are decrease by 2.28% at $46.73 on the final test Thursday.

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