Parkland (TSE:PKI) Downgraded by CIBC to "Tender"

Parkland (TSE:PKI - Get Free Report) was downgraded by analysts at CIBC from an "outperform" rating to a "tender" rating in a report issued on Monday,BayStreet.CA reports. They currently have a C$44.00 price target on the stock. CIBC's price objective points to a potential upside of 15.30% from the company's previous close.

Other equities analysts have also issued reports about the stock. ATB Capital dropped 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 note on Thursday, April 17th. Scotiabank decreased their target price on Parkland from C$52.00 to C$44.00 and set an "outperform" rating for the company in a research report on Tuesday, May 6th. TD Securities downgraded Parkland from a "buy" rating to a "sell" rating and decreased their price objective for the company from C$50.00 to C$44.00 in a report on Tuesday, May 6th. BMO Capital Markets cut shares of Parkland from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 2nd. Finally, National Bankshares increased their target price on shares of Parkland from C$41.00 to C$42.00 in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$44.54.

Parkland Stock Down 0.9%

TSE PKI traded down C$0.34 during trading hours on Monday, hitting C$38.16. 852,436 shares of the company were exchanged, compared to its average volume of 886,093. The company has a 50 day moving average of C$36.24 and a two-hundred day moving average of C$35.47. 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 cap of C$6.65 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 11.79 and a beta of 1.33. Parkland has a 52-week low of C$30.09 and a 52-week high of C$40.29.

Insider Activity at Parkland

In related news, Senior Officer Darren Robert Smart sold 5,000 shares of Parkland stock in a transaction on Monday, March 17th. The stock was sold at an average price of C$36.76, for a total value of C$183,800.00. Company insiders own 20.51% of the company's stock.

About Parkland

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.