RBC raises PT on Imperial Oil, maintains rating

Imperial Oil

25/09/2025 12:37

** Brokerage RBC Capital Markets raises price target on Canadian oil producer Imperial Oil IMO.TO to C$115 from C$108, maintains "Sector Perform" rating

** The new price target represents a downside of ~12%  to the stock's last close, while the rating means RBC Capital Markets expects IMO to deliver returns in line with its sector over 12 months

** IMO's strong balance sheet, better utilization of capital and "commitment to returning cash to shareholders" make it a good bet, because it "offers simultaneous offense-defense for energy investors," - RBC Capital Markets

** Brokerage expects to become more bullish towards IMO amid a relative pullback of the stock

** 3 of 17 brokerages rate the stock "Buy", 10 "hold" and 4 "sell" or lower; median PT is C$108

** Up to last close, stock down 47.3% YTD

 (Reporting by Pranav Mathur in Bengaluru)

 ((Pranav.Mathur@thomsonreuters.com;))