Parkland (TSE:PKI) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Parkland Co. (TSE:PKI) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$34.90 and traded as high as C$38.73. Parkland shares last traded at C$38.43, with a volume of 536,281 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. National Bankshares cut their target price on shares of Parkland from C$47.00 to C$45.00 and set a “buy” rating for the company in a research note on Friday, November 1st. CIBC raised their price objective on Parkland from C$48.00 to C$49.00 in a research report on Wednesday, November 27th. ATB Capital reduced their target price on Parkland from C$49.00 to C$46.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Canaccord Genuity Group dropped their price target on Parkland from C$47.00 to C$45.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Scotiabank reduced their price objective on Parkland from C$60.00 to C$52.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Parkland has an average rating of “Buy” and an average target price of C$48.08.

Parkland Price Performance

The firm has a market cap of C$6.70 billion, a P/E ratio of 27.69, a PEG ratio of 11.79 and a beta of 1.33. 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 stock’s 50-day simple moving average is C$34.19 and its two-hundred day simple moving average is C$34.90.

Insider Buying and Selling

In related news, Director James Allan Neate bought 5,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was 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 corporate 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.