Parkland Co. (TSE:PKI) Given Average Recommendation of “Buy” by Analysts

Parkland Co. (TSE:PKI) has earned an average recommendation of “Buy” from the nine analysts that are covering the firm, MarketBeat.com reports. Nine analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$48.08.

PKI has been the topic of a number of recent analyst reports. Raymond James reduced their target price on Parkland from C$55.00 to C$47.00 in a research note on Friday, October 25th. ATB Capital dropped 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. Canaccord Genuity Group dropped their price objective on Parkland from C$47.00 to C$45.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Desjardins cut their price target on shares of Parkland from C$46.00 to C$44.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, Scotiabank cut their price objective on shares of Parkland from C$60.00 to C$52.00 and set an “outperform” rating on the stock in a report on Friday, November 1st.

Insider Buying and Selling

In other Parkland news, Director James Allan Neate bought 5,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was acquired at an average price of C$33.29 per share, with a total value of C$166,450.00. Also, Director Michael Christian Jennings purchased 4,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was acquired at an average cost of C$32.02 per share, for a total transaction of C$128,060.00. 20.51% of the stock is currently owned by insiders.

Parkland Price Performance

TSE:PKI opened at C$32.59 on Wednesday. The firm has a market capitalization of C$5.67 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 11.79 and a beta of 1.33. The business has a 50 day simple moving average of C$34.25 and a 200-day simple moving average of C$35.90. Parkland has a 1 year low of C$31.68 and a 1 year high of C$47.99. The company has a debt-to-equity ratio of 206.76, a current ratio of 1.33 and a quick ratio of 0.73.

About Parkland

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.