Parkland (TSE:PKI) Stock Rating Lowered by CIBC

Parkland (TSE:PKI - Get Free Report) was downgraded by equities research analysts at CIBC from an "outperform" rating to a "tender" rating in a report released on Monday,BayStreet.CA reports. They currently have a C$44.00 price target on the stock. CIBC's price objective would suggest a potential upside of 15.18% from the company's previous close.

PKI has been the subject of a number of other reports. Raymond James lowered their price target on Parkland from C$47.00 to C$45.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. lowered their price target 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. ATB Capital lowered their price target on Parkland from C$46.00 to C$45.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Scotiabank lowered their price target on Parkland from C$52.00 to C$44.00 and set an "outperform" rating for the company in a research note on Tuesday, May 6th. Finally, Canaccord Genuity Group lowered their price target on Parkland from C$45.00 to C$42.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Parkland currently has an average rating of "Moderate Buy" and an average target price of C$44.54.

Parkland Trading Up 0.1%

PKI stock traded up C$0.04 during midday trading on Monday, reaching C$38.20. The stock had a trading volume of 381,972 shares, compared to its average volume of 881,631. The firm has a market cap of C$6.66 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 11.79 and a beta of 1.33. Parkland has a twelve month low of C$30.09 and a twelve month high of C$40.29. The business has a fifty day simple moving average of C$36.50 and a two-hundred day simple moving average of C$35.52. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 199.87.

Insider Buying and Selling

In related news, Senior Officer Darren Robert Smart sold 5,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$36.76, for a total transaction of C$183,800.00. 20.51% of the stock is 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.