Brokerages Set Parkland Co. (TSE:PKI) Target Price at C$47.92

Parkland Co. (TSE:PKI - Get Free Report) has received an average recommendation of "Buy" from the nine research firms that are covering the stock, MarketBeat.com reports. Nine equities research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have covered the stock in the last year is C$47.92.

PKI has been the topic of several research analyst reports. National Bankshares increased their price objective on Parkland from C$41.00 to C$42.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. CIBC upped their price objective on Parkland from C$49.00 to C$50.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th.

Insider Activity at Parkland

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

Parkland Trading Up 1.5 %

PKI stock traded up C$0.51 during trading on Monday, hitting C$35.65. The company had a trading volume of 1,455,337 shares, compared to its average volume of 1,040,421. Parkland has a 52-week low of C$30.09 and a 52-week high of C$45.10. The company has a 50 day simple moving average of C$35.00 and a 200-day simple moving average of C$34.85. The firm has a market capitalization of C$6.22 billion, a P/E ratio of 25.69, a PEG ratio of 11.79 and a beta of 1.33. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 199.87.

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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.