Parkland (TSE:PKI) PT Lowered to C$44.00

Parkland (TSE:PKI) had its target price lowered by investment analysts at National Bank Financial from C$46.00 to C$44.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 15.36% from the stock’s current price.

PKI has been the topic of several other research reports. BMO Capital Markets boosted their target price on shares of Parkland from C$45.00 to C$50.00 in a research note on Monday, February 1st. UBS Group restated a “strong-buy” rating on shares of Parkland in a research note on Tuesday, January 5th. CIBC boosted their target price on shares of Parkland from C$49.00 to C$51.00 and gave the company an “outperform” rating in a research note on Monday, December 7th. Scotiabank boosted their target price on shares of Parkland from C$45.00 to C$52.00 in a research note on Monday, January 4th. Finally, ATB Capital boosted their target price on shares of Parkland from C$44.00 to C$46.00 in a research note on Thursday, November 5th. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Parkland has a consensus rating of “Buy” and an average target price of C$47.82.

PKI traded down C$0.12 during trading on Tuesday, reaching C$38.14. 325,111 shares of the company’s stock were exchanged, compared to its average volume of 375,743. Parkland has a fifty-two week low of C$17.57 and a fifty-two week high of C$46.21. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 168.52. The business has a 50 day moving average price of C$40.09 and a 200 day moving average price of C$38.57. The company has a market capitalization of C$5.70 billion and a P/E ratio of 28.10.

In other news, Senior Officer Colin Peter Kilty sold 5,000 shares of the company’s stock in a transaction dated Friday, February 5th. The stock was sold at an average price of C$39.21, for a total value of C$196,052.00. Following the completion of the sale, the insider now directly owns 28,856 shares of the company’s stock, valued at approximately C$1,131,455.30. Also, Senior Officer Robert Berthold Espey sold 8,000 shares of the company’s stock in a transaction dated Thursday, December 17th. The shares were sold at an average price of C$42.00, for a total value of C$336,000.00. Following the completion of the sale, the insider now directly owns 536,763 shares of the company’s stock, valued at C$22,544,046. Insiders have sold a total of 53,000 shares of company stock valued at $2,198,972 over the last three months.

About Parkland

Parkland Corporation operates as a marketer, distributor, and refiner of fuel and petroleum products in Canada, the United States, and internationally. The company operates in five segments: Canada Retail, Canada Commercial, USA, Supply, and International. The Canada Retail segment supplies and supports a coast-to-coast network of 1,863 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Chevron, and Pioneer, as well as operates convenience stores under the On the Run/Marché Express brand.

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Analyst Recommendations for Parkland (TSE:PKI)

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