Parkland (TSE:PKI) Rating Lowered to "Sector Perform" at Scotiabank

Parkland (TSE:PKI - Get Free Report) was downgraded by Scotiabank from an "outperform" rating to a "sector perform" rating in a report released on Wednesday,BayStreet.CA reports. They currently have a C$44.00 target price on the stock. Scotiabank's target price suggests a potential upside of 16.40% from the company's current price.

PKI has been the topic of several other research reports. Canaccord Genuity Group reduced their target price on shares of Parkland from C$45.00 to C$42.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. TD Securities lowered shares of Parkland from a "buy" rating to a "sell" rating and reduced their price objective for the company from C$50.00 to C$44.00 in a report on Tuesday, May 6th. BMO Capital Markets downgraded shares of Parkland from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 2nd. ATB Capital cut their price target on 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. Finally, JPMorgan Chase & Co. downgraded Parkland from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from C$54.00 to C$41.00 in a report on Wednesday, June 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$44.46.

Parkland Stock Down 0.1%

Shares of TSE: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. Parkland has a fifty-two week low of C$30.09 and a fifty-two week high of C$40.29. The business has a 50 day moving average price of C$37.46 and a two-hundred day moving average price of C$35.62. The company has a debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.39. The company has a market capitalization of C$6.59 billion, a PE ratio of 27.24, a P/E/G ratio of 11.79 and a beta of 1.33.

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.

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