Parkland Co. (TSE:PKI) Receives C$48.08 Average PT from Analysts

Shares of Parkland Co. (TSE:PKI) have been given an average recommendation of “Buy” by the nine analysts that are presently covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$48.08.

A number of brokerages recently commented on PKI. National Bankshares reduced their price objective on shares of Parkland from C$47.00 to C$45.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Raymond James reduced their price target on Parkland from C$55.00 to C$47.00 in a research report on Friday, October 25th. Desjardins reduced their price target on Parkland from C$46.00 to C$44.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. BMO Capital Markets reduced their price target on Parkland from C$49.00 to C$46.00 in a research report on Tuesday, October 22nd. Finally, ATB Capital reduced their price target on 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.

Insider Activity

In related news, Director James Allan Neate acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average cost of C$33.29 per share, with a total value of C$166,450.00. Corporate insiders own 20.51% of the company’s stock.

Parkland Stock Performance

Shares of TSE:PKI opened at C$38.41 on Thursday. The company has a market capitalization of C$6.70 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth 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 company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 199.87. The firm has a 50 day moving average of C$33.97 and a 200 day moving average of C$34.89.

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.