InvestorsObserver is giving Imperial Oil Ltd (IMO) an Analyst Rating Rank of 12, meaning IMO is ranked higher by analysts than 12% of stocks. The average price target for IMO is $29.642 and analyst’s rate the stock as a Buy.
Wall Street analysts are rating IMO a Buy today. Find out what this means to you and get the rest of the rankings on IMO!
Why are Analyst Ratings Important?
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions **before** a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What's Happening With Imperial Oil Ltd Stock Today?
Imperial Oil Ltd (IMO) stock is lower by -0.2% while the S&P 500 has gained 0.7% as of 2:22 PM on Tuesday, Oct 19. IMO is down -$0.07 from the previous closing price of $34.43 on volume of 480,858 shares. Over the past year the S&P 500 is higher by 31.84% while IMO has gained 175.10%. IMO lost -$0.42 per share the over the last 12 months.
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