Brokerages Set Parkland Co. (TSE:PKI) PT at C$48.08

Parkland Co. (TSE:PKI) has earned a consensus recommendation of “Buy” from the nine research firms that are currently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$48.08.

A number of equities research analysts recently weighed in on PKI shares. National Bankshares lowered their price target on Parkland from C$47.00 to C$45.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Desjardins cut their target price on shares of Parkland from C$46.00 to C$44.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. cut their price objective on Parkland from C$54.00 to C$53.00 in a research report on Tuesday, September 17th. BMO Capital Markets lowered their target price on Parkland from C$49.00 to C$46.00 in a report on Tuesday, October 22nd. Finally, Canaccord Genuity Group cut their target price on shares of Parkland from C$47.00 to C$45.00 and set a “buy” rating for the company in a research note on Friday, November 1st.

Insider Buying and Selling

In other Parkland news, Director Michael Christian Jennings acquired 4,000 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was bought at an average price of C$32.02 per share, with a total value of C$128,060.00. Also, Director James Allan Neate bought 5,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average cost of C$33.29 per share, for a total transaction of C$166,450.00. Corporate insiders own 20.51% of the company’s stock.

Parkland Stock Down 1.0 %

PKI stock opened at C$32.59 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.73 and a debt-to-equity ratio of 206.76. The company’s 50-day moving average price is C$34.25 and its 200 day moving average price is C$35.91. Parkland has a 52 week low of C$31.68 and a 52 week high of C$47.99. The company has a market cap of C$5.67 billion, a P/E ratio of 15.30, a P/E/G ratio of 11.79 and a beta of 1.33.

About Parkland

Parkland Corporation operates food and convenience stores in Canada, the United States, and internationally. The company’s Canada segment owns, supplies, and supports a coast-to-coast network of retail gas stations, electronic vehicle charging stations, frozen food retail locations, convenience stores, cardlock sites, bulk fuel, propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers; transports and distributes fuel through ships, rail, and highway carriers; and stores fuel in terminals and other owned and leased facilities, as well as engages in the low-carbon activities.