Desjardins raises target for Imperial Oil stock to CAD 172.00

Published on 10/21/2026 at 11:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Imperial Oil stock costs EUR 120.63 on October 21, 2026; second-quarter net income was CAD 2.19 billion and revenue CAD 15.98 billion.

Target revision and earnings date

Desjardins lifted its Imperial Oil target to CAD 172.00 on October 20, 2026.
Imperial Oil reported CAD 2.19 billion in net income for the second quarter ended June 30, 2026.
Imperial Oil stock trades at EUR 120.63 at 11:31 a.m. CEST at Lang & Schwarz on October 21, 2026.

IMO, CA4530384086, Illustration mit AI erstellt.

Desjardins raised its price target for Imperial Oil (ISIN CA4530384086) from CAD 165.00 to CAD 172.00 on October 20, 2026, while keeping a Hold rating, according to MarketBeat. Imperial Oil stock was trading at EUR 120.63 at Lang & Schwarz on October 21, 2026 at 11:31 a.m. CEST.

Target revisions remain divided

The target increase came alongside a Hold rating, keeping the analyst view cautious despite the higher valuation. On October 19, 2026, Scotiabank lifted its target from CAD 156.00 to CAD 183.00 and retained Sector Perform, as reported by Markets Insider.

The spread between the two targets shows why the stock has become a valuation discussion rather than a simple earnings-growth story. Desjardins sees CAD 172.00, while Scotiabank assigns CAD 183.00. Those Canadian-dollar targets are separate from the euro reference price used for German investors.

What does the target revision change?

The answer lies in the latest operating base. Imperial Oil reported CAD 15.98 billion in revenue and CAD 2.19 billion in net income for the second quarter ended June 30, 2026. Standardized financial data also show basic earnings per share of CAD 4.53 for that quarter.

Three dates track the story

On July 31, 2026, Imperial Oil reported second-quarter net income of CAD 2.19 billion. On October 13, 2026, RBC raised its target from CAD 123.00 to CAD 133.00 while maintaining Underperform, according to MarketScreener. On October 20, 2026, Desjardins raised its target to CAD 172.00.

October 30 is the next date

Imperial Oil will release its third-quarter results and host the related earnings call on October 30, 2026. The company said the call will begin at 9:00 a.m. Mountain Time after the morning release in its Imperial Oil announcement dated October 20, 2026. The next report will test whether the strong second-quarter profit base can continue.

Operations support the case

MarketScreener reported that Imperial Oil produced 412,000 barrels of oil equivalent per day, processed 358,000 barrels per day and sold 444,000 barrels per day in the first half of 2026. The same report said first-half net profit reached CAD 3.10 billion, up from CAD 2.20 billion in the first half of 2025, while refinery maintenance reduced throughput.

Stock quote in euros

Imperial Oil stock was trading at EUR 120.63 at Lang & Schwarz on October 21, 2026 at 11:31 a.m. CEST. The price gives German investors a live euro reference ahead of the October 30 results, while the analyst targets remain denominated in Canadian dollars. The further course of trading is shown by the continuously updated real-time quote of Imperial Oil stock.