Parkland (TSE:PKI) Sets New 12-Month Low – Here’s What Happened

Parkland Co. (TSE:PKI) reached a new 52-week low on Monday . The stock traded as low as C$30.37 and last traded at C$31.89, with a volume of 43035 shares traded. The stock had previously closed at C$32.35.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. TD Securities reduced their target price on Parkland from C$55.00 to C$53.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. ATB Capital decreased their price objective on shares of Parkland from C$49.00 to C$46.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Canaccord Genuity Group cut their target price on shares of Parkland from C$47.00 to C$45.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Raymond James decreased their price target on shares of Parkland from C$55.00 to C$47.00 in a research note on Friday, October 25th. Finally, CIBC upped their target price on Parkland from C$48.00 to C$49.00 in a report on Wednesday, November 27th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, Parkland currently has an average rating of “Buy” and an average target price of C$48.08.

Parkland Stock Performance

The company has a market capitalization of C$5.67 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. The company has a current ratio of 1.33, a quick ratio of 0.73 and a debt-to-equity ratio of 206.76. The business’s fifty day moving average is C$34.10 and its two-hundred day moving average is C$34.98.

Insider Transactions at Parkland

In related news, Director James Allan Neate purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were purchased at an average price of C$33.29 per share, with a total value of C$166,450.00. Company 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.