Parkland (TSE:PKI) Price Target Cut to C$50.00 by Analysts at TD Securities

Parkland (TSE:PKI - Get Free Report) had its price target decreased by analysts at TD Securities from C$52.00 to C$50.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' price target would indicate a potential upside of 45.69% from the company's previous close.

Other analysts have also recently issued research reports about the stock. Raymond James reduced their price objective on shares of 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. 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 reduced their price objective on Parkland from C$50.00 to C$43.00 in a report on Thursday, April 17th. Canaccord Genuity Group lowered their target price on Parkland from C$45.00 to C$42.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. cut their price target on Parkland from C$58.00 to C$55.00 and set an "overweight" rating for the company in a research note on Tuesday, March 18th. Eleven 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$46.62.

Parkland Stock Performance

Parkland stock traded down C$0.26 during trading hours on Tuesday, reaching C$34.32. 606,574 shares of the stock were exchanged, compared to its average volume of 917,524. The stock has a market cap of C$5.98 billion, a P/E ratio of 24.73, a P/E/G ratio of 11.79 and a beta of 1.33. The firm's 50 day moving average is C$34.94 and its 200 day moving average is C$34.57. Parkland has a 52-week low of C$30.09 and a 52-week high of C$43.28. The company has a debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.39.

Insider Buying and Selling at Parkland

In other news, Director Nora Duke bought 2,800 shares of Parkland stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of C$35.50 per share, for a total transaction of C$99,388.24. Also, Senior Officer Darren Robert Smart sold 5,000 shares of the company'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 currently 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.