Parkland Fuel Corp (TSE:PKI) was upgraded by equities researchers at Haywood Securities from a “hold” rating to a “buy” rating in a research report issued on Monday, StockRatingsNetwork reports.
Parkland Fuel Corp (TSE:PKI) traded down 0.66% on Monday, hitting $18.13. The stock had a trading volume of 625,894 shares. Parkland Fuel Corp has a 1-year low of $15.55 and a 1-year high of $20.30. The stock’s 50-day moving average is $17.28 and its 200-day moving average is $17.3. The company has a price-to-earnings ratio of 13.52.
The company also recently announced a oct 13 dividend, which is scheduled for Friday, November 15th. Shareholders of record on Tuesday, October 22nd will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, October 18th.
A number of other firms have also recently commented on PKI. Analysts at CIBC reiterated a “sector outperform” rating on shares of Parkland Fuel Corp in a research note to investors on Monday. They now have a C$21.50 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Parkland Fuel Corp from C$20.50 to C$21.50 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at Pi Financial downgraded shares of Parkland Fuel Corp from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of C$19.39.
Parkland Fuel Corporation (TSE:PKI) is a marketer and distributor of petroleum products, managing a nationwide network of sales channels for retail, commercial, wholesale and home heating fuel customers.
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