Parkland (TSE:PKI) Given New C$42.00 Price Target at Canaccord Genuity Group

Parkland (TSE:PKI) had its price objective decreased by Canaccord Genuity Group from C$45.00 to C$42.00 in a research report released on Thursday,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other brokerages have also weighed in on PKI. National Bankshares increased their price objective on Parkland from C$41.00 to C$42.00 and gave the company an “outperform” rating in a report on Friday, March 7th. JPMorgan Chase & Co. cut their price target on Parkland from C$58.00 to C$55.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. Finally, CIBC lowered their price objective on Parkland from C$50.00 to C$43.00 in a research note on Thursday. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$46.85.

Parkland Stock Up 1.4 %

PKI opened at C$32.65 on Thursday. The company’s 50-day moving average price is C$35.52 and its two-hundred day moving average price is C$34.63. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 199.87. Parkland has a twelve month low of C$30.09 and a twelve month high of C$43.64. The stock has a market cap of C$5.69 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 11.79 and a beta of 1.33.

Insiders Place Their Bets

In other news, Senior Officer Darren Robert Smart sold 5,000 shares of the company’s stock in a transaction 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. Also, Director Nora Duke acquired 2,800 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of C$35.50 per share, with a total value of C$99,388.24. Corporate insiders own 20.51% of the company’s stock.

About Parkland

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.