Parkland Co. (TSE:PKI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Parkland Co. (TSE:PKIGet Free Report) has received an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$51.00.

PKI has been the topic of several recent research reports. Raymond James boosted their price target on shares of Parkland from C$45.00 to C$50.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. BMO Capital Markets boosted their price target on shares of Parkland from C$54.00 to C$57.00 in a research report on Friday, February 2nd. TD Securities boosted their price target on shares of Parkland from C$52.00 to C$53.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Royal Bank of Canada cut shares of Parkland from an “outperform” rating to a “sector perform” rating and set a C$54.00 price target on the stock. in a research report on Monday, February 5th. Finally, Desjardins boosted their price objective on shares of Parkland from C$47.00 to C$51.00 in a report on Wednesday, November 15th.

Read Our Latest Report on Parkland

Parkland Price Performance

Parkland stock opened at C$44.86 on Friday. The company’s fifty day moving average price is C$44.37 and its 200 day moving average price is C$41.35. The company has a debt-to-equity ratio of 196.59, a quick ratio of 0.73 and a current ratio of 1.33. The stock has a market capitalization of C$7.90 billion, a P/E ratio of 17.66, a P/E/G ratio of 11.79 and a beta of 1.35. Parkland has a 1 year low of C$27.50 and a 1 year high of C$47.37.

Parkland Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 22nd were paid a dividend of $0.34 per share. The ex-dividend date was Thursday, December 21st. This represents a $1.36 dividend on an annualized basis and a yield of 3.03%. Parkland’s dividend payout ratio (DPR) is presently 53.54%.

Insiders Place Their Bets

In other Parkland news, Senior Officer Ian James White sold 20,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of C$44.10, for a total transaction of C$882,000.00. In related news, Senior Officer Ian James White sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of C$44.10, for a total value of C$882,000.00. Also, Senior Officer Robert Berthold Espey sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of C$44.50, for a total value of C$445,000.00. Insiders have sold 138,951 shares of company stock worth $6,132,327 over the last three months. Company insiders own 20.40% of the company’s stock.

About Parkland

(Get Free Report

Parkland Corporation operates food and convenience stores in Canada, the United States, and internationally. The company's Canada segment owns, supplies, and supports a coast-to-coast network of retail gas stations, electronic vehicle charging stations, frozen food retail locations, convenience stores, cardlock sites, bulk fuel, propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers; transports and distributes fuel through ships, rail, and highway carriers; and stores fuel in terminals and other owned and leased facilities, as well as engages in the low-carbon activities.

Further Reading

Analyst Recommendations for Parkland (TSE:PKI)

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