Parkland Co. (TSE:PKI) Receives C$48.08 Consensus Price Target from Brokerages

Parkland Co. (TSE:PKI) has been assigned a consensus recommendation of “Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have covered the stock in the last year is C$48.08.

Several research firms recently issued reports on PKI. BMO Capital Markets reduced their price target on Parkland from C$49.00 to C$46.00 in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Parkland from C$54.00 to C$53.00 in a report on Tuesday, September 17th. 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 note on Friday, November 1st. National Bankshares lowered their target price 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. Finally, TD Securities decreased their target price on Parkland from C$55.00 to C$53.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th.

Insider Transactions at Parkland

In other Parkland news, Director Michael Christian Jennings bought 4,000 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were purchased at an average price of C$32.02 per share, with a total value of C$128,060.00. Company insiders own 20.51% of the company’s stock.

Parkland Stock Down 1.3 %

PKI opened at C$36.34 on Friday. The business’s fifty day simple moving average is C$34.71 and its 200 day simple moving average is C$36.47. The stock has a market cap of C$6.33 billion, a PE ratio of 17.06, a P/E/G ratio of 11.79 and a beta of 1.33. Parkland has a 52 week low of C$31.68 and a 52 week high of C$47.99. The company has a quick ratio of 0.73, a current ratio of 1.33 and a debt-to-equity ratio of 206.76.

Parkland Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 20th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $1.40 dividend on an annualized basis and a yield of 3.85%. Parkland’s dividend payout ratio (DPR) is presently 65.73%.

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.