Parkland Co. (TSE:PKI) Receives C$46.62 Consensus Price Target from Brokerages

Shares of Parkland Co. (TSE:PKI) have been given a consensus rating of “Buy” by the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have covered the stock in the last year is C$46.62.

A number of brokerages recently issued reports on PKI. JPMorgan Chase & Co. dropped their price target 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. Canaccord Genuity Group reduced their target price on Parkland from C$45.00 to C$42.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. ATB Capital cut their target price on shares of Parkland from C$46.00 to C$45.00 and set an “outperform” rating on the stock in a report on Thursday, April 17th. National Bankshares upped their price target on shares of Parkland from C$41.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Finally, CIBC cut their price objective on shares of Parkland from C$50.00 to C$43.00 in a research report on Thursday, April 17th.

Parkland Trading Up 1.3 %

TSE:PKI opened at C$35.18 on Tuesday. Parkland has a one year low of C$30.09 and a one year high of C$43.15. The business’s 50-day simple moving average is C$34.72 and its 200 day simple moving average is C$34.56. 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 stock has a market cap of C$6.13 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33.

Insider Activity

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