TD Securities Has Lowered Expectations for Parkland (TSE:PKI) Stock Price

Parkland (TSE:PKI - Get Free Report) had its price objective reduced by equities research analysts at TD Securities from C$52.00 to C$50.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' target price indicates a potential upside of 51.70% from the company's previous close.

A number of other research firms have also weighed in on PKI. Raymond James lowered their price objective on Parkland from C$47.00 to C$45.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th. ATB Capital reduced their price target on shares of Parkland from C$46.00 to C$45.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. CIBC dropped their price objective on shares of Parkland from C$50.00 to C$43.00 in a report on Thursday, April 17th. JPMorgan Chase & Co. lowered their target price on Parkland from C$58.00 to C$55.00 and set an "overweight" rating for the company in a research note on Tuesday, March 18th. Finally, National Bankshares lifted their price objective on Parkland from C$41.00 to C$42.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$46.62.

Parkland Price Performance

Shares of TSE PKI traded up C$0.38 during trading on Tuesday, hitting C$32.96. The company had a trading volume of 101,772 shares, compared to its average volume of 911,685. The stock has a fifty day simple moving average of C$35.29 and a two-hundred day simple moving average of C$34.60. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 199.87. The firm has a market capitalization of C$5.75 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. Parkland has a fifty-two week low of C$30.09 and a fifty-two week high of C$43.31.

Insiders Place Their Bets

In other news, Director Nora Duke bought 2,800 shares of the stock in a transaction 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. Also, Senior Officer Darren Robert Smart sold 5,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of C$36.76, for a total transaction of C$183,800.00. 20.51% of the stock is currently owned by company insiders.

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.

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