Parkland (TSE:PKI) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Parkland Co. (TSE:PKI) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$34.90 and traded as high as C$38.73. Parkland shares last traded at C$38.43, with a volume of 536,281 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. ATB Capital cut their target price 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. Scotiabank dropped their price objective on shares of Parkland from C$60.00 to C$52.00 and set an “outperform” rating for the company in a report on Friday, November 1st. National Bankshares decreased 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. CIBC increased their price target on shares of Parkland from C$48.00 to C$49.00 in a research report on Wednesday, November 27th. Finally, Canaccord Genuity Group reduced their price target 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. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$48.08.

Parkland Stock Performance

The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 199.87. The company has a market cap of C$6.51 billion, a P/E ratio of 26.89, a PEG ratio of 11.79 and a beta of 1.33. The company has a 50 day moving average price of C$34.24 and a 200-day moving average price of C$34.92.

Insider Activity at Parkland

In other Parkland news, Director James Allan Neate bought 5,000 shares of Parkland stock in a transaction on Wednesday, December 18th. The shares were purchased 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 corporate 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.