Parkland Co. (TSE:PKI) Given Average Recommendation of “Buy” by Analysts

Parkland Co. (TSE:PKI) has received an average recommendation of “Buy” from the nine research firms that are covering the stock, MarketBeat.com reports. Nine analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$47.92.

A number of research firms have weighed in on PKI. National Bankshares upped their price objective on shares of Parkland from C$41.00 to C$42.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. CIBC upped their price objective on shares of Parkland from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research report on Friday, March 7th.

Insiders Place Their Bets

In other news, Director Nora Duke purchased 2,800 shares of the company’s stock in a transaction on Monday, March 10th. The shares were bought at an average price of C$35.50 per share, for a total transaction of C$99,388.24. Also, Director James Allan Neate purchased 5,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was purchased at an average price of C$33.29 per share, for a total transaction of C$166,450.00. 20.51% of the stock is currently owned by corporate insiders.

Parkland Stock Up 1.8 %

Shares of TSE PKI opened at C$36.08 on Monday. Parkland has a 12-month low of C$30.09 and a 12-month high of C$45.10. The company has a market cap of C$6.29 billion, a P/E ratio of 26.00, a P/E/G 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. The stock has a fifty day moving average price of C$35.12 and a 200 day moving average price of C$34.85.

Parkland Company Profile

Parkland Corp distributes and markets fuels and lubricants. Refined fuels and other petroleum products are among the variety of offerings the company delivers to motorists, businesses, consumers, and wholesalers in the United States and Canada. Parkland operates through several subsidiaries that are either company owned-and retailer-operated, dealer-owned and dealer-operated, or dealer-cosigned and dealer-operated.