Brokerages Set Parkland Co. (TSE:PKI) Price Target at C$48.08

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

PKI has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their price target on Parkland from C$54.00 to C$53.00 in a report on Tuesday, September 17th. CIBC lifted their price target on Parkland from C$48.00 to C$49.00 in a research report on Wednesday, November 27th. ATB Capital lowered their target price on shares of Parkland from C$49.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Raymond James dropped their price target on shares of Parkland from C$55.00 to C$47.00 in a research note on Friday, October 25th. Finally, TD Securities decreased their price target on shares of Parkland from C$55.00 to C$53.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th.

Parkland Price Performance

Shares of PKI stock opened at C$32.59 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.73 and a debt-to-equity ratio of 206.76. The stock has a market capitalization of C$5.67 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 11.79 and a beta of 1.33. The stock has a fifty day simple moving average of C$34.25 and a two-hundred day simple moving average of C$35.91. Parkland has a twelve month low of C$31.68 and a twelve month high of C$47.99.

Insiders Place Their Bets

In other news, Director James Allan Neate purchased 5,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were bought at an average price of C$33.29 per share, with a total value of C$166,450.00. Also, Director Michael Christian Jennings bought 4,000 shares of the stock in a transaction dated Monday, November 4th. The shares were acquired at an average price of C$32.02 per share, for a total transaction of C$128,060.00. 20.51% of the stock is owned by corporate insiders.

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.