Parkland (TSE:PKI) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Parkland Co. (TSE:PKI)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$34.88 and traded as high as C$36.12. Parkland shares last traded at C$36.02, with a volume of 620,210 shares changing hands.

Analyst Upgrades and Downgrades

PKI has been the topic of a number of recent research reports. National Bankshares boosted their target price on shares of Parkland from C$41.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. cut their price objective on shares of Parkland from C$58.00 to C$55.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Finally, CIBC raised their target price on Parkland from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$48.08.

Parkland Trading Up 1.4 %

The company has a debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.39. The business’s 50 day moving average price is C$35.74 and its 200-day moving average price is C$34.88. The firm has a market cap of C$6.26 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33.

Insider Buying and Selling at Parkland

In other Parkland news, Director Nora Duke bought 2,800 shares of the business’s stock in a transaction on Monday, March 10th. The shares were purchased at an average price of C$35.50 per share, with a total value of C$99,388.24. Also, Senior Officer Darren Robert Smart sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of C$36.76, for a total value of C$183,800.00. 20.51% of the stock is currently owned by insiders.

Parkland Company Profile

Parkland Corp distributes and markets fuels and lubricants. Refined fuels and other petroleum products are among the variety of offerings the company delivers to motorists, businesses, consumers, and wholesalers in the United States and Canada. Parkland operates through several subsidiaries that are either company owned-and retailer-operated, dealer-owned and dealer-operated, or dealer-cosigned and dealer-operated.