Parkland Co. (TSE:PKI) Receives Average Recommendation of “Buy” from Analysts

Shares of Parkland Co. (TSE:PKI) have earned a consensus rating of “Buy” from the nine brokerages that are covering the stock, MarketBeat.com reports. Nine analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$48.08.

PKI has been the topic of several recent analyst reports. BMO Capital Markets cut their target price on shares of Parkland from C$49.00 to C$46.00 in a research note on Tuesday, October 22nd. National Bankshares dropped their price target on Parkland from C$47.00 to C$45.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. TD Securities decreased their price objective on Parkland from C$55.00 to C$53.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. CIBC upped their target price on Parkland from C$48.00 to C$49.00 in a report on Wednesday, November 27th. Finally, Scotiabank reduced their price target on shares of Parkland from C$60.00 to C$52.00 and set an “outperform” rating for the company in a research report on Friday, November 1st.

Parkland Stock Up 3.6 %

PKI stock opened at C$39.23 on Thursday. The company has a debt-to-equity ratio of 206.76, a current ratio of 1.33 and a quick ratio of 0.73. The firm has a market capitalization of C$6.83 billion, a P/E ratio of 18.42, a P/E/G ratio of 11.79 and a beta of 1.33. Parkland has a 52-week low of C$30.09 and a 52-week high of C$47.99. The company’s 50 day simple moving average is C$33.90 and its 200-day simple moving average is C$34.86.

Insider Activity at Parkland

In other Parkland news, Director James Allan Neate bought 5,000 shares of the stock in a transaction on Wednesday, December 18th. The shares were purchased at an average cost of C$33.29 per share, with a total value of C$166,450.00. Insiders own 20.51% of the company’s stock.

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.