JPMorgan Chase & Co. Has Lowered Expectations for Parkland (TSE:PKI) Stock Price

Parkland (TSE:PKI - Free Report) had its target price reduced by JPMorgan Chase & Co. from C$58.00 to C$55.00 in a report issued on Tuesday,BayStreet.CA reports. They currently have an overweight rating on the stock.

Several other equities research analysts also recently commented on PKI. National Bankshares lifted their price objective on Parkland from C$41.00 to C$42.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. CIBC lifted their price objective on Parkland from C$49.00 to C$50.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of C$48.08.

Parkland Stock Down 0.0 %

Shares of PKI traded down C$0.01 during trading hours on Tuesday, hitting C$36.86. The company had a trading volume of 970,027 shares, compared to its average volume of 1,015,476. The firm has a fifty day moving average price of C$35.49 and a 200-day moving average price of C$34.89. The company has a debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.39. The stock has a market capitalization of C$6.43 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 11.79 and a beta of 1.33. Parkland has a 52-week low of C$30.09 and a 52-week high of C$43.99.

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Insider Buying and Selling at Parkland

In related news, Senior Officer Darren Robert Smart sold 5,000 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$36.76, for a total transaction of C$183,800.00. Also, Director Nora Duke acquired 2,800 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of C$35.50 per share, with a total value of C$99,388.24. Corporate insiders own 20.51% of the company's stock.

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.