Brokerages Set Parkland Co. (TSE:PKI) Target Price at C$45.54

Parkland Co. (TSE:PKI) has been given an average rating of “Moderate Buy” by the eleven ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$45.54.

PKI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Parkland from C$58.00 to C$55.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Raymond James reduced 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 research report on Thursday, April 17th. 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. Scotiabank cut their price objective on shares of Parkland from C$52.00 to C$44.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 6th. Finally, National Bankshares boosted their price objective on shares of Parkland from C$41.00 to C$42.00 in a research report on Tuesday, May 6th.

Insider Buying and Selling at Parkland

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

Parkland Trading Up 1.4%

Shares of TSE PKI opened at C$38.71 on Friday. The company’s fifty day moving average is C$35.74 and its 200-day moving average is C$35.16. The stock has a market cap of C$6.75 billion, a price-to-earnings ratio of 27.89, a P/E/G ratio of 11.79 and a beta of 1.33. Parkland has a twelve month low of C$30.09 and a twelve month high of C$40.29. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 199.87.

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.