Parkland (TSE:PKI) Price Target Raised to C$42.00

Parkland (TSE:PKI) had its price objective boosted by equities research analysts at National Bankshares from C$41.00 to C$42.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 15.13% from the stock’s current price.

Separately, CIBC raised their price objective on shares of Parkland from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Friday. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$47.92.

Parkland Stock Down 1.1 %

TSE:PKI traded down C$0.40 during midday trading on Friday, reaching C$36.48. 437,198 shares of the stock traded hands, compared to its average volume of 987,598. The business has a 50-day moving average of C$34.66 and a two-hundred day moving average of C$34.85. The stock has a market capitalization of C$6.36 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. The company has a debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.39. Parkland has a 12-month low of C$30.09 and a 12-month high of C$45.10.

Insiders Place Their Bets

In other news, Director James Allan Neate acquired 5,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average cost of C$33.29 per share, for a total transaction 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.