Parkland (TSE:PKI) Price Target Raised to C$50.00

Parkland (TSE:PKI) had its price objective hoisted by analysts at CIBC from C$49.00 to C$50.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target would suggest a potential upside of 37.06% from the company’s previous close.

Parkland Stock Down 1.1 %

PKI traded down C$0.40 during trading on Friday, reaching C$36.48. 437,198 shares of the stock traded hands, compared to its average volume of 987,598. The stock has a market cap of C$6.36 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. The stock’s 50-day simple moving average is C$34.66 and its two-hundred day simple moving average is C$34.85. Parkland has a fifty-two week low of C$30.09 and a fifty-two week high of C$45.10. The company has a debt-to-equity ratio of 199.87, a current ratio of 1.39 and a quick ratio of 0.73.

Insider Transactions at Parkland

In other news, Director James Allan Neate acquired 5,000 shares of Parkland stock in a transaction on Wednesday, December 18th. The stock was bought at an average price of C$33.29 per share, for a total transaction of C$166,450.00. 20.51% of the stock is owned by corporate insiders.

About Parkland

Parkland Corporation operates food and convenience stores in Canada, the United States, and internationally. The company’s Canada segment owns, supplies, and supports a coast-to-coast network of retail gas stations, electronic vehicle charging stations, frozen food retail locations, convenience stores, cardlock sites, bulk fuel, propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers; transports and distributes fuel through ships, rail, and highway carriers; and stores fuel in terminals and other owned and leased facilities, as well as engages in the low-carbon activities.