Parkland (TSE:PKI) Hits New 12-Month Low - Here's Why

Parkland Co. (TSE:PKI - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as C$30.59 and last traded at C$31.52, with a volume of 367306 shares traded. The stock had previously closed at C$31.88.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PKI. National Bankshares raised their price target on shares of Parkland from C$41.00 to C$42.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. CIBC boosted their target price on shares of Parkland from C$49.00 to C$50.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. lowered their price target on Parkland from C$58.00 to C$55.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$48.08.

Parkland Stock Up 3.2 %

The firm's 50-day moving average price is C$35.53 and its 200 day moving average price is C$34.69. The firm has a market capitalization of C$5.53 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. The company has a debt-to-equity ratio of 199.87, a current ratio of 1.39 and a quick ratio of 0.73.

Insider Buying and Selling at Parkland

In other news, Director Nora Duke purchased 2,800 shares of the firm's stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of C$35.50 per share, with a total value of C$99,388.24. Also, Senior Officer Darren Robert Smart sold 5,000 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$36.76, for a total value 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.