Parkland (TSE:PKI) Price Target Raised to C$42.00 at National Bankshares

Parkland (TSE:PKI) had its target price upped by National Bankshares from C$41.00 to C$42.00 in a research note released on Tuesday morning,BayStreet.CA reports.

Other research analysts have also issued reports about the stock. Canaccord Genuity Group lowered their price objective on shares of 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. ATB Capital lowered 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. TD Securities dropped their price objective on Parkland from C$52.00 to C$50.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their target price 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, Raymond James dropped their price target on Parkland from C$47.00 to C$45.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Parkland currently has an average rating of “Moderate Buy” and an average price target of C$45.54.

Parkland Price Performance

TSE:PKI opened at C$38.17 on Tuesday. The stock has a market capitalization of C$6.66 billion, a PE ratio of 27.50, a P/E/G ratio of 11.79 and a beta of 1.33. Parkland has a 1-year low of C$30.09 and a 1-year high of C$40.97. The firm has a fifty day simple moving average of C$34.79 and a 200 day simple moving average of C$34.57. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 199.87.

Insider Activity at Parkland

In related news, Senior Officer Darren Robert Smart sold 5,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$36.76, for a total transaction of C$183,800.00. Also, Director Nora Duke acquired 2,800 shares of the stock in a transaction on Monday, March 10th. The shares were bought at an average price of C$35.50 per share, for a total transaction of C$99,388.24. 20.51% of the stock is currently owned by corporate insiders.

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.