Parkland Co. (TSE:PKI) Receives C$48.08 Consensus Target Price from Analysts

Shares of Parkland Co. (TSE:PKI) have earned an average rating of “Buy” from the nine ratings firms that are covering the stock, MarketBeat reports. Nine investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$48.08.

Several equities analysts recently commented on PKI shares. Raymond James reduced their price objective on shares of Parkland from C$55.00 to C$47.00 in a research note on Friday, October 25th. Desjardins decreased their price target on shares of Parkland from C$46.00 to C$44.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. ATB Capital dropped their price objective on Parkland from C$49.00 to C$46.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. CIBC upped their target price on Parkland from C$48.00 to C$49.00 in a research note on Wednesday, November 27th. Finally, National Bankshares dropped their price target on 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.

Insider Buying and Selling

In related news, Director James Allan Neate purchased 5,000 shares of Parkland stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired 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.

Parkland Stock Down 0.2 %

Shares of TSE PKI opened at C$38.52 on Thursday. 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$6.72 billion, a P/E ratio of 27.76, a P/E/G ratio of 11.79 and a beta of 1.33. Parkland has a 52 week low of C$30.09 and a 52 week high of C$47.99. The business has a 50-day simple moving average of C$34.13 and a two-hundred day simple moving average of C$34.87.

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.