Parkland (TSE:PKI) Given New C$55.00 Price Target at JPMorgan Chase & Co.

Parkland (TSE:PKI) had its price objective trimmed by JPMorgan Chase & Co. from C$58.00 to C$55.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. The brokerage currently has an overweight rating on the stock.

Other research analysts have also issued reports about the stock. National Bankshares raised their price target on shares of Parkland from C$41.00 to C$42.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. 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 report on Friday, March 7th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$48.08.

Parkland Price Performance

Shares of TSE PKI opened at C$36.32 on Tuesday. 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 firm has a fifty day moving average of C$35.26 and a 200 day moving average of C$34.86. The firm has a market cap of C$6.33 billion, a PE ratio of 26.17, a PEG ratio of 11.79 and a beta of 1.33. Parkland has a one year low of C$30.09 and a one year high of C$44.12.

Insider Buying and Selling

In other news, Director Nora Duke acquired 2,800 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was 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 Parkland stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$36.76, for a total transaction of C$183,800.00. 20.51% of the stock is currently owned by company insiders.

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.