Analysts Set Parkland Co. (TSE:PKI) PT at C$48.08

Parkland Co. (TSE:PKI) has been assigned a consensus rating of “Buy” from the nine ratings firms that are covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$48.08.

A number of equities research analysts have recently weighed in on PKI shares. National Bankshares cut their price objective on 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. ATB Capital reduced their price objective on shares of Parkland from C$49.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. CIBC lifted their target price on shares of Parkland from C$48.00 to C$49.00 in a research note on Wednesday, November 27th. Raymond James decreased their price target on shares of Parkland from C$55.00 to C$47.00 in a research note on Friday, October 25th. Finally, Scotiabank cut their price objective on Parkland from C$60.00 to C$52.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st.

Parkland Stock Down 0.2 %

TSE PKI opened at C$38.52 on Thursday. Parkland has a 1 year low of C$30.09 and a 1 year high of C$47.99. The stock has a market capitalization of C$6.72 billion, a PE ratio of 27.76, a PEG ratio of 11.79 and a beta of 1.33. The company has a debt-to-equity ratio of 199.87, a current ratio of 1.39 and a quick ratio of 0.73. The business’s 50-day moving average is C$34.13 and its 200 day moving average is C$34.87.

Insiders Place Their Bets

In other news, Director James Allan Neate purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were bought at an average price of C$33.29 per share, for a total transaction of C$166,450.00. Corporate insiders own 20.51% of the company’s stock.

Parkland Company Profile

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.