Parkland Co. (TSE:PKI) Given Consensus Recommendation of “Buy” by Analysts

Shares of Parkland Co. (TSE:PKI) have been assigned a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Eleven research analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$46.62.

PKI has been the subject of a number of recent research reports. National Bankshares boosted their price objective on shares of Parkland from C$41.00 to C$42.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. ATB Capital dropped their price target on Parkland from C$46.00 to C$45.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. CIBC cut their price target on Parkland from C$50.00 to C$43.00 in a report on Thursday, April 17th. JPMorgan Chase & Co. lowered their price objective 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. Finally, Canaccord Genuity Group cut their target price on Parkland from C$45.00 to C$42.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th.

Parkland Price Performance

Shares of TSE PKI opened at C$35.15 on Tuesday. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 199.87. The company has a market capitalization of C$6.13 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth 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$43.28. The business has a 50 day simple moving average of C$34.87 and a 200-day simple moving average of C$34.56.

Insider Transactions at Parkland

In other news, Senior Officer Darren Robert Smart sold 5,000 shares of Parkland 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. Also, Director Nora Duke purchased 2,800 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of C$35.50 per share, with a total value of C$99,388.24. 20.51% of the stock is 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.