Parkland (TSE:PKI) Price Target Cut to C$45.00 by Analysts at Raymond James

Parkland (TSE:PKI) had its price target trimmed by Raymond James from C$47.00 to C$45.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

PKI has been the subject of several other reports. JPMorgan Chase & Co. dropped their price target 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. National Bankshares upped their target price 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. CIBC reduced their price target on shares of Parkland from C$50.00 to C$43.00 in a report on Thursday. Finally, Canaccord Genuity Group dropped their price objective on shares of Parkland from C$45.00 to C$42.00 and set a “buy” rating for the company in a report on Thursday. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$46.85.

Parkland Price Performance

Shares of Parkland stock opened at C$32.65 on Thursday. The company has a market capitalization 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. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 199.87. The stock’s 50-day simple moving average is C$35.52 and its 200-day simple moving average is C$34.63. Parkland has a 52 week low of C$30.09 and a 52 week high of C$43.64.

Insider Buying and Selling at Parkland

In other news, Director Nora Duke bought 2,800 shares of the 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 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. Company insiders own 20.51% of the company’s stock.

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.