Parkit Enterprise (CVE:PKT) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Parkit Enterprise (CVE:PKT) had its price target hoisted by investment analysts at Raymond James Financial from C$10.50 to C$11.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. Raymond James Financial’s target price would indicate a potential upside of 10.33% from the company’s previous close.

Parkit Enterprise Stock Down 0.1%

Shares of PKT traded down C$0.01 during mid-day trading on Tuesday, hitting C$9.97. 212 shares of the company traded hands, compared to its average volume of 3,129. Parkit Enterprise has a 1 year low of C$7.35 and a 1 year high of C$10.35. The stock has a market capitalization of C$137.91 million, a price-to-earnings ratio of 5.54 and a beta of 2.27.

Parkit Enterprise Inc is a Canadian company focused on the ownership and operation of parking assets and related real estate. The company’s business is centered on acquiring, managing, and optimizing parking facilities, with an emphasis on generating revenue from parking operations and associated property uses.

As a real estate-focused operator, Parkit Enterprise’s activities are tied to urban and commercial parking demand in Canada and may include surface lots, parking structures, and other parking-related properties.