Imperial Oil stock: Scotiabank lifts target to CAD 183.00

Published on 10/23/2026 at 16:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter net income reached CAD 2.19 billion in 2026. Imperial Oil stock costs EUR 120.23 on October 23, 2026, down 1.17 percent versus Frankfurt.

Scotiabank target raised

Scotiabank raised its Imperial Oil target to CAD 183.00 on October 20, 2026.
Second-quarter net income reached CAD 2.19 billion in 2026.
Imperial Oil stock costs EUR 120.23 at Lang & Schwarz on October 23, 2026 at 4:11 p.m. CEST, 1.17 percent below the Frankfurt close.
Third-quarter results are scheduled for October 30, 2026.

IMO, CA4530384086, Illustration mit AI erstellt.

Imperial Oil (ISIN CA4530384086) became the subject of a higher Scotiabank valuation on October 20, 2026, when the bank lifted its price target from CAD 156.00 to CAD 183.00 while keeping a Sector Perform rating, as reported by ScanX. The new target stood 2.13 percent below Imperial Oil's CAD 186.99 Toronto quotation at 10:26 a.m. ET on October 23, 2026. At Lang & Schwarz, the stock was trading at EUR 120.23 on October 23, 2026 at 4:11 p.m. CEST, down 1.17 percent versus the Frankfurt close of October 22, 2026 at EUR 121.65.

Net income reached CAD 2.19 billion

Imperial Oil's second-quarter results provide the operating counterweight to the analyst view. Net income reached CAD 2.19 billion for the quarter ended June 30, 2026, while diluted earnings per share came to CAD 4.52. The company also reported revenue of CAD 16.06 billion for the period.

Operating cash flow was CAD 2.70 billion in the second quarter, and capital spending was CAD 530.00 million. Imperial Oil's investor-relations page identifies the business as operating across upstream production, downstream refining and chemicals, and lists 414,000 gross barrels of oil equivalent per day of upstream production and refinery throughput of 331,000 barrels in its second-quarter highlights.

Stock stays below its yearly high

The Canadian quotation was CAD 186.99 at 10:26 a.m. ET, against a 52-week range of CAD 114.75 to CAD 192.40. That leaves the stock 2.81 percent below its yearly high. The quoted market capitalization was CAD 90.4 billion, with a price-to-earnings ratio of 20.89 and a dividend yield of 0.02 percent.

Imperial Oil's price position matters because the Scotiabank target is only CAD 3.99 below the same-day Canadian quotation. The target therefore implies 2.13 percent downside from CAD 186.99, a narrower gap than the distance to the 52-week high.

Results date and valuation matter

Imperial Oil is scheduled to publish third-quarter 2026 results before the market opens on October 30, 2026, according to MarketBeat. The same report cited consensus expectations of CAD 3.43 in earnings per share and CAD 12.29 billion in revenue for that quarter.

The setup is therefore defined by a higher analyst target, a strong second-quarter profit base and a stock quotation close to its yearly high. The upcoming results will provide the next dated test for those expectations.

Price remains the immediate measure

For investors in Germany, the euro quotation was 1.17 percent below the Frankfurt close of October 22, 2026. In Canada, the stock traded at CAD 186.99, while the Scotiabank target stood at CAD 183.00 and the 52-week high at CAD 192.40.

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