Canaccord Genuity Group Issues Pessimistic Forecast for Parkland (TSE:PKI) Stock Price

Parkland (TSE:PKI) had its target price lowered by Canaccord Genuity Group from C$45.00 to C$42.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 28.64% from the stock’s current price.

Several other equities analysts have also issued reports on the stock. National Bankshares boosted their target price on shares of Parkland from C$41.00 to C$42.00 and gave the company an “outperform” rating in a report on Friday, March 7th. JPMorgan Chase & Co. lowered their price objective on Parkland from C$58.00 to C$55.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Finally, CIBC cut their target price on Parkland from C$50.00 to C$43.00 in a research report on Thursday. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Parkland currently has an average rating of “Buy” and a consensus price target of C$46.85.

Parkland Stock Up 1.4 %

Parkland stock opened at C$32.65 on Thursday. The firm has a market cap of C$5.69 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 11.79 and a beta of 1.33. Parkland has a 52-week low of C$30.09 and a 52-week high of C$43.64. 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 50 day moving average price of C$35.42 and a two-hundred day moving average price of C$34.62.

Insider Transactions at Parkland

In other Parkland news, 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. Also, Director Nora Duke acquired 2,800 shares of the stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of C$35.50 per share, with a total value of C$99,388.24. 20.51% of the stock is owned by 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.