Insider Selling: Parkland Co. (TSE:PKI) Senior Officer Sells C$183,800.00 in Stock

Parkland Co. (TSE:PKI) Senior Officer Darren Robert Smart sold 5,000 shares of the business’s stock in a transaction that occurred 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.

Parkland Price Performance

Parkland stock opened at C$36.87 on Friday. The company has a debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.39. The firm has a market cap of C$6.43 billion, a P/E ratio of 26.57, a P/E/G ratio of 11.79 and a beta of 1.33. The business’s fifty day moving average is C$35.42 and its two-hundred day moving average is C$34.88. Parkland Co. has a 52 week low of C$30.09 and a 52 week high of C$43.99.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PKI. CIBC boosted their price objective on Parkland from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. National Bankshares boosted their price objective on Parkland from C$41.00 to C$42.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. decreased their price target on Parkland from C$58.00 to C$55.00 and set an “overweight” rating on the stock in a research note on Tuesday. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$48.08.

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.