National Bankshares Raises Parkland (TSE:PKI) Price Target to C$42.00

Parkland (TSE:PKI) had its price target upped by analysts at National Bankshares from C$41.00 to C$42.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 15.54% from the stock’s previous close.

Separately, CIBC raised their price target on shares of Parkland from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research report on Friday. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Parkland has a consensus rating of “Buy” and an average price target of C$47.92.

Parkland Stock Down 1.4 %

Shares of TSE PKI opened at C$36.35 on Friday. The stock has a market capitalization of C$6.34 billion, a P/E ratio of 26.19, a P/E/G ratio of 11.79 and a beta of 1.33. The company has a 50-day moving average price of C$34.81 and a 200-day moving average price of C$34.87. Parkland has a 1 year low of C$30.09 and a 1 year high of C$45.10. The company has a debt-to-equity ratio of 199.87, a current ratio of 1.39 and a quick ratio of 0.73.

Insider Activity

In other Parkland news, Director James Allan Neate acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was bought at an average price of C$33.29 per share, with a total value of C$166,450.00. 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.