Parkland (TSE:PKI) Trading 11.4% Higher - Should You Buy?

Shares of Parkland Co. (TSE:PKI - Get Free Report) rose 11.4% during trading on Tuesday . The company traded as high as C$39.48 and last traded at C$37.33. Approximately 234,466 shares changed hands during trading, a decline of 48% from the average daily volume of 455,144 shares. The stock had previously closed at C$33.50.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. ATB Capital lowered their price objective on shares of Parkland from C$49.00 to C$46.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Raymond James dropped their price target on shares of Parkland from C$55.00 to C$47.00 in a research report on Friday, October 25th. Desjardins decreased their price objective on Parkland from C$46.00 to C$44.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. Scotiabank dropped their target price on Parkland from C$60.00 to C$52.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Finally, Canaccord Genuity Group decreased their price target on 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. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$48.08.

Parkland Stock Performance

The stock has a 50 day moving average price of C$33.97 and a two-hundred day moving average price of C$34.87. The company has a debt-to-equity ratio of 199.87, a current ratio of 1.39 and a quick ratio of 0.73. The company has a market capitalization of C$6.70 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33.

Insider Transactions at Parkland

In other news, Director James Allan Neate purchased 5,000 shares of the business's stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average price of C$33.29 per share, with a total value of C$166,450.00. 20.51% of the stock is owned by company insiders.

Parkland Company Profile

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.