Parkit Enterprise (CVE:PKT) Stock Rating Upgraded by Raymond James Financial

Parkit Enterprise (CVE:PKT) was upgraded by stock analysts at Raymond James Financial from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday, BayStreet reports. The brokerage presently has a C$8.50 target price on the stock, down from their prior target price of C$9.00. Raymond James Financial‘s price target would indicate a potential upside of 21.60% from the stock’s current price.

Parkit Enterprise Price Performance

Shares of PKT stock traded up C$0.25 during trading hours on Monday, reaching C$6.99. The company’s stock had a trading volume of 200 shares, compared to its average volume of 2,682. The company has a market capitalization of C$96.67 million, a PE ratio of 6.85 and a beta of 1.93. Parkit Enterprise has a one year low of C$6.30 and a one year high of C$10.00. The business’s fifty day moving average is C$7.99.

Insiders Place Their Bets

In related news, insider Parkit Enterprise Inc. acquired 11,100 shares of Parkit Enterprise stock in a transaction on Wednesday, September 30th. The shares were acquired at an average cost of C$8.01 per share, with a total value of C$88,911.00. Following the transaction, the insider owned 11,100 shares in the company, valued at C$88,911. This trade represents a ∞ increase in their ownership of the stock.

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.