Parkland (TSE:PKI) Stock Price Expected to Rise, CIBC Analyst Says

Parkland (TSE:PKI) had its price target upped by research analysts at CIBC from C$49.00 to C$50.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price objective points to a potential upside of 37.55% from the stock’s previous close.

Parkland Trading Down 1.4 %

Shares of TSE:PKI opened at C$36.35 on Friday. The company’s 50-day moving average price is C$34.81 and its two-hundred day moving average price is C$34.87. The company has a debt-to-equity ratio of 199.87, a current ratio of 1.39 and a quick ratio of 0.73. Parkland has a one year low of C$30.09 and a one year high of C$45.10. The stock has a market capitalization of C$6.34 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33.

Insiders Place Their Bets

In other news, Director James Allan Neate purchased 5,000 shares of Parkland stock in a transaction that occurred on Wednesday, December 18th. The shares were acquired at an average price of C$33.29 per share, for a total transaction of C$166,450.00. Company insiders own 20.51% of the company’s stock.

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.