Parkland (TSE:PKI) Downgraded to "Tender" Rating by National Bankshares

Parkland (TSE:PKI - Get Free Report) was downgraded by stock analysts at National Bankshares from an "outperform" rating to a "tender" rating in a report released on Wednesday,BayStreet.CA reports. They presently have a C$41.00 price target on the stock, down from their prior price target of C$42.00. National Bankshares' target price would indicate a potential upside of 8.47% from the company's previous close.

A number of other equities research analysts also recently weighed in on PKI. ATB Capital reduced their price target on Parkland from C$46.00 to C$45.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Scotiabank lowered Parkland from an "outperform" rating to a "sector perform" rating and set a C$44.00 target price for the company. in a research report on Wednesday. Raymond James Financial 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. Canaccord Genuity Group reduced their price objective on shares of Parkland from C$45.00 to C$42.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. downgraded shares of Parkland from an "overweight" rating to a "neutral" rating and lowered their target price for the company from C$54.00 to C$41.00 in a research note on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Parkland presently has an average rating of "Moderate Buy" and an average target price of C$44.46.

Parkland Price Performance

PKI traded down C$0.05 during trading on Wednesday, hitting C$37.80. The company's stock had a trading volume of 529,413 shares, compared to its average volume of 867,456. The firm's 50 day moving average price is C$37.46 and its two-hundred day moving average price is C$35.62. 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 has a 12 month low of C$30.09 and a 12 month high of C$40.29. The stock has a market capitalization of C$6.59 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33.

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.

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