Parkland (TSE:PKI) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Parkland Co. (TSE:PKI - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$35.29 and traded as high as C$39.05. Parkland shares last traded at C$38.46, with a volume of 459,705 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PKI shares. ATB Capital lowered their price target on Parkland from C$46.00 to C$45.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. CIBC lowered their target price on shares of Parkland from C$50.00 to C$43.00 in a research note on Thursday, April 17th. JPMorgan Chase & Co. cut their target price on shares of Parkland from C$58.00 to C$55.00 and set an "overweight" rating for the company in a research report on Tuesday, March 18th. Scotiabank decreased their price target on shares of Parkland from C$52.00 to C$44.00 and set an "outperform" rating for the company in a report on Tuesday, May 6th. Finally, National Bankshares lifted their price objective on Parkland from C$41.00 to C$42.00 in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Parkland currently has an average rating of "Moderate Buy" and a consensus target price of C$45.54.

Parkland Stock Up 0.2%

The firm has a 50 day moving average of C$35.91 and a 200-day moving average of C$35.31. The company has a debt-to-equity ratio of 199.87, a current ratio of 1.39 and a quick ratio of 0.73. The stock has a market capitalization of C$6.78 billion, a P/E ratio of 28.03, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33.

Insider Transactions at Parkland

In related news, Senior Officer Darren Robert Smart sold 5,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of C$36.76, for a total value of C$183,800.00. Also, Director Nora Duke purchased 2,800 shares of the business's stock in a transaction on Monday, March 10th. The shares were acquired at an average price of C$35.50 per share, with a total value of C$99,388.24. 20.51% of the stock is owned by 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.