Parkland Co. (TSE:PKI) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Parkland Co. (TSE:PKI) have earned a consensus rating of “Buy” from the nine brokerages that are currently covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$48.08.

PKI has been the topic of a number of analyst reports. Canaccord Genuity Group lowered 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 report on Friday, November 1st. TD Securities reduced their target price on Parkland from C$55.00 to C$53.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. National Bankshares cut their price objective on shares of Parkland from C$47.00 to C$45.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Desjardins cut their price target on shares of Parkland from C$46.00 to C$44.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Finally, BMO Capital Markets lowered their price objective on Parkland from C$49.00 to C$46.00 in a research report on Tuesday, October 22nd.

Insider Buying and Selling

In related news, Director Michael Christian Jennings acquired 4,000 shares of Parkland stock in a transaction dated Monday, November 4th. The stock was purchased at an average cost of C$32.02 per share, for a total transaction of C$128,060.00. Also, Director James Allan Neate acquired 5,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were bought at an average cost of C$33.29 per share, for a total transaction of C$166,450.00. 20.51% of the stock is owned by insiders.

Parkland Trading Down 1.0 %

Shares of Parkland stock opened at C$32.59 on Wednesday. The company has a debt-to-equity ratio of 206.76, a quick ratio of 0.73 and a current ratio of 1.33. The stock has a market capitalization of C$5.67 billion, a P/E ratio of 15.30, a P/E/G ratio of 11.79 and a beta of 1.33. Parkland has a 52-week low of C$31.68 and a 52-week high of C$47.99. The stock’s 50-day simple moving average is C$34.25 and its 200 day simple moving average is C$35.90.

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.