Parkland (TSE:PKI – Free Report) had its price target raised by CIBC from C$48.00 to C$49.00 in a report issued on Wednesday,BayStreet.CA reports.
Several other research firms have also recently commented on PKI. ATB Capital lowered their price target on shares of Parkland from C$49.00 to C$46.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Desjardins cut their price objective on shares of Parkland from C$46.00 to C$44.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Canaccord Genuity Group dropped their target price on shares of Parkland from C$47.00 to C$45.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. TD Securities decreased their price objective on shares of Parkland from C$55.00 to C$53.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Finally, Raymond James dropped their price objective on Parkland from C$55.00 to C$47.00 in a report on Friday, October 25th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$48.08.
Check Out Our Latest Research Report on PKI
Parkland Stock Performance
Parkland Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 20th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.87%. The ex-dividend date was Thursday, September 19th. Parkland’s dividend payout ratio is presently 65.73%.
Insiders Place Their Bets
In other news, Director Michael Christian Jennings bought 4,000 shares of Parkland stock in a transaction dated Monday, November 4th. The stock was bought at an average price of C$32.02 per share, for a total transaction of C$128,060.00. 20.51% of the stock is owned by insiders.
About Parkland
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.
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