Parkland (TSE:PKI) Price Target Lowered to C$45.00 at ATB Capital

Parkland (TSE:PKI) had its price target decreased by equities researchers at ATB Capital from C$46.00 to C$45.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Capital’s target price would indicate a potential upside of 37.70% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. CIBC dropped their target price on shares of Parkland from C$50.00 to C$43.00 in a research report on Thursday. JPMorgan Chase & Co. cut 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, March 18th. National Bankshares raised their target price on shares of Parkland from C$41.00 to C$42.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Raymond James decreased their target price on shares of Parkland from C$47.00 to C$45.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Canaccord Genuity Group lowered their price target on Parkland from C$45.00 to C$42.00 and set a “buy” rating on the stock in a research report on Thursday. Eleven analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$46.85.

Parkland Trading Up 1.5 %

TSE PKI traded up C$0.47 on Thursday, hitting C$32.68. 134,095 shares of the stock were exchanged, compared to its average volume of 912,643. The company has a market capitalization of C$5.70 billion, a price-to-earnings ratio of 23.55, a P/E/G ratio of 11.79 and a beta of 1.33. The company’s 50-day moving average price is C$35.54 and its two-hundred day moving average price is C$34.65. The company has a debt-to-equity ratio of 199.87, a current ratio of 1.39 and a quick ratio of 0.73. Parkland has a 52-week low of C$30.09 and a 52-week high of C$43.64.

Insider Activity at Parkland

In related news, Director Nora Duke purchased 2,800 shares of Parkland stock in a transaction dated Monday, March 10th. The stock was bought at an average cost 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 the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of C$36.76, for a total value of C$183,800.00. 20.51% of the stock is currently owned by insiders.

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.