CIBC raises Imperial Oil stock target to CAD 160.00

Published on 10/16/2026 at 10:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CIBC kept a Sell rating and set a CAD 160.00 target on October 9, 2026. Imperial Oil stock costs EUR 115.00 on October 16, 2026.

Target and earnings context

CIBC maintained a Sell rating and set a CAD 160.00 target on October 9, 2026.
Imperial Oil reported CAD 2.19 billion in second-quarter net income on July 31, 2026.
Imperial Oil stock traded at EUR 115.00 at 9:49 a.m. CEST at Lang & Schwarz on October 16, 2026.

IMO, CA4530384086, Illustration mit AI erstellt.

Imperial Oil (ISIN CA4530384086) was trading at EUR 115.00 at Lang & Schwarz on October 16, 2026 at 9:49 a.m. CEST. CIBC maintained a Sell rating and raised its price target to CAD 160.00 in a report dated October 9, 2026, as reported by Markets Insider.

Second-quarter earnings set the base

Imperial Oil reported CAD 2.19 billion in net income for the second quarter of 2026, up CAD 1.24 billion from the second quarter of 2025. The company also reported 414,000 gross oil-equivalent barrels per day of upstream production and refinery throughput of 331,000 barrels per day on its investor-relations page.

Yahoo Finance reported that second-quarter net income increased by CAD 1.24 billion year over year, primarily because of higher commodity prices. That earnings comparison gives the target change a more demanding backdrop: the stock valuation now depends on whether operating gains continue into the second half.

What comes next for earnings?

Imperial Oil is scheduled to report third-quarter 2026 results on October 30, 2026, before the market opens, according to Gekko. The date matters because the latest analyst estimates cited by finanzen.ch call for CAD 4.75 in earnings per share and CAD 16.00 billion in revenue for the quarter ending September 30, 2026.

Three dates frame the stock

On July 31, 2026, Imperial Oil published second-quarter results with CAD 2.19 billion in net income. On September 4, 2026, shareholders of record were set to receive a quarterly dividend of CAD 0.87 per share, according to Simply Wall St. On October 9, 2026, CIBC maintained its Sell rating while setting the CAD 160.00 target.

Stock price and investor perspective

The next scheduled catalyst is the third-quarter report on October 30, 2026. Investors will compare the new production, refining and earnings figures with the strong second-quarter base.

Imperial Oil was trading at EUR 115.00 at Lang & Schwarz on October 16, 2026 at 9:49 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Imperial Oil stock.