Barclays Reiterates an 'Overweight' on Imperial Oil Limited (IMO); Composing the Best of ExxonMobil (XOM)
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Price: $133.28 +0.70%
Rating Summary:
5 Buy, 9 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 9 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays reiterates an 'Overweight' on Imperial Oil Limited (NYSE: IMO) price target of CDN$60.
Analyst, Paul Y. Cheng, said, "We think Imperial Oil composes the best of ExxonMobil (NYSE: XOM). On one hand, IMO benefits from ExxonMobil's rigorous financial discipline culture, fortress-like balance sheet, project execution, and R&D capabilities, which are considered the gold standard in the industry. On the other hand, IMO accounts for the bulk of EOM's growth opportunities. This combination makes Imperial Oil a distinctively positioned and attractive investment, in our opinion."
Cheng feels that IMO, which currently trades at 2.3x premium vs. oil average, is completely justified, because of a predictable growth profile and leading profitability. FY13 EPS estimate raised from $4.10 to $4.25.
For an analyst ratings summary and ratings history on Imperial Oil Limited click here. For more ratings news on Imperial Oil Limited click here.
Shares of Imperial Oil Limited closed at $45.72 yesterday.
Analyst, Paul Y. Cheng, said, "We think Imperial Oil composes the best of ExxonMobil (NYSE: XOM). On one hand, IMO benefits from ExxonMobil's rigorous financial discipline culture, fortress-like balance sheet, project execution, and R&D capabilities, which are considered the gold standard in the industry. On the other hand, IMO accounts for the bulk of EOM's growth opportunities. This combination makes Imperial Oil a distinctively positioned and attractive investment, in our opinion."
Cheng feels that IMO, which currently trades at 2.3x premium vs. oil average, is completely justified, because of a predictable growth profile and leading profitability. FY13 EPS estimate raised from $4.10 to $4.25.
For an analyst ratings summary and ratings history on Imperial Oil Limited click here. For more ratings news on Imperial Oil Limited click here.
Shares of Imperial Oil Limited closed at $45.72 yesterday.
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