Parkland Co. (TSE:PKI) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Parkland Co. (TSE:PKI - Get Free Report) has been given an average rating of "Moderate Buy" by the eleven analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and ten have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$45.54.

Several analysts recently issued reports on PKI shares. Canaccord Genuity Group lowered their price target on Parkland from C$45.00 to C$42.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. National Bankshares boosted their target price on shares of Parkland from C$41.00 to C$42.00 in a report on Tuesday, May 6th. JPMorgan Chase & Co. dropped their target price on shares of Parkland from C$58.00 to C$55.00 and set an "overweight" rating for the company in a research report on Tuesday, March 18th. Raymond James reduced their price target on shares of Parkland from C$47.00 to C$45.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Finally, ATB Capital cut their target price on shares of Parkland from C$46.00 to C$45.00 and set an "outperform" rating for the company in a report on Thursday, April 17th.

Insider Transactions at Parkland

In other Parkland news, Director Nora Duke purchased 2,800 shares of Parkland stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price of C$35.50 per share, for a total transaction of C$99,388.24. Also, Senior Officer Darren Robert Smart sold 5,000 shares of Parkland 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. Corporate insiders own 20.51% of the company's stock.

Parkland Price Performance

TSE:PKI traded up C$0.17 on Friday, reaching C$38.16. 400,014 shares of the company's stock traded hands, compared to its average volume of 898,850. The stock has a 50-day simple moving average of C$35.67 and a 200-day simple moving average of C$35.11. Parkland has a 12 month low of C$30.09 and a 12 month high of C$40.29. The firm has a market cap of C$6.65 billion, a PE ratio of 27.50, a P/E/G 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.

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.