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

Parkland Co. (TSE:PKI) has been given an average recommendation of “Buy” by the nine research firms that are currently covering the stock, MarketBeat.com reports. Nine equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$48.08.

A number of research firms have weighed in on PKI. JPMorgan Chase & Co. reduced their price objective on shares of 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. CIBC lifted their target price on Parkland from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Finally, National Bankshares upped their price target on Parkland from C$41.00 to C$42.00 and gave the company an “outperform” rating in a report on Friday, March 7th.

Parkland Price Performance

Shares of PKI opened at C$31.88 on Friday. The firm’s 50-day simple moving average is C$35.72 and its two-hundred day simple moving average is C$34.85. Parkland has a fifty-two week low of C$30.09 and a fifty-two week high of C$43.99. The stock has a market cap of C$5.56 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. The company has a debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.39.

Insider Buying and Selling

In other Parkland news, Senior Officer Darren Robert Smart sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$36.76, for a total transaction of C$183,800.00. Also, Director Nora Duke acquired 2,800 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of C$35.50 per share, for a total transaction of C$99,388.24. 20.51% of the stock is currently owned by company insiders.

Parkland Company Profile

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.