Parkland Co. (TSE:PKI) Given Average Rating of “Buy” by Brokerages

Shares of Parkland Co. (TSE:PKI) have earned an average recommendation of “Buy” from the nine analysts that are presently covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have covered the stock in the last year is C$47.92.

A number of research firms have recently commented on PKI. CIBC increased their target price on shares of Parkland from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a report on Friday. National Bankshares upped their price objective on Parkland from C$41.00 to C$42.00 and gave the company an “outperform” rating in a research note on Friday.

Parkland Stock Down 1.4 %

PKI stock opened at C$36.35 on Monday. The stock has a market capitalization of C$6.34 billion, a P/E ratio of 26.19, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 199.87. Parkland has a 12 month low of C$30.09 and a 12 month high of C$45.10. The firm has a 50-day moving average price of C$34.81 and a 200-day moving average price of C$34.86.

Insider Buying and Selling at Parkland

In other news, Director James Allan Neate bought 5,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was acquired at an average price 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.