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

Parkland (TSE:PKI) had its price target hoisted by equities research analysts at National Bankshares from C$41.00 to C$42.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. National Bankshares’ price objective indicates a potential upside of 9.12% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. reduced their price objective on 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. CIBC decreased their price objective on Parkland from C$50.00 to C$43.00 in a research note on Thursday, April 17th. Canaccord Genuity Group cut their price objective on Parkland from C$45.00 to C$42.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. TD Securities reduced their target price on shares of Parkland from C$52.00 to C$50.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Finally, Raymond James lowered their price target on shares of Parkland from C$47.00 to C$45.00 and set an “outperform” rating on the stock in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$45.54.

Parkland Stock Performance

PKI opened at C$38.49 on Tuesday. The company’s 50 day moving average is C$34.85 and its 200 day moving average is C$34.60. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 199.87. The company has a market cap of C$6.71 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 11.79 and a beta of 1.33. Parkland has a 12-month low of C$30.09 and a 12-month high of C$40.79.

Insider Activity at Parkland

In related news, Director Nora Duke bought 2,800 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was 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 firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of C$36.76, for a total value of C$183,800.00. 20.51% of the stock is owned by 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.