Parkland Co. (TSE:PKI) Director Purchases C$166,450.00 in Stock

Parkland Co. (TSE:PKI) Director James Allan Neate purchased 5,000 shares of Parkland stock in a transaction dated Wednesday, December 18th. The stock was bought at an average price of C$33.29 per share, with a total value of C$166,450.00.

Parkland Stock Down 2.2 %

TSE:PKI opened at C$33.04 on Friday. Parkland Co. has a twelve month low of C$31.68 and a twelve month high of C$47.99. The firm has a market capitalization of C$5.75 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. The company has a quick ratio of 0.73, a current ratio of 1.33 and a debt-to-equity ratio of 206.76. The stock’s 50 day moving average price is C$34.68 and its two-hundred day moving average price is C$36.16.

Analysts Set New Price Targets

PKI has been the subject of a number of research analyst reports. Scotiabank reduced their target price on shares of Parkland from C$60.00 to C$52.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. CIBC upped their price objective on Parkland from C$48.00 to C$49.00 in a research report on Wednesday, November 27th. TD Securities dropped their target price on Parkland from C$55.00 to C$53.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Canaccord Genuity Group reduced their price target on Parkland from C$47.00 to C$45.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Desjardins decreased their price target on shares of Parkland from C$46.00 to C$44.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$48.08.

Parkland Company Profile

Parkland Corporation operates food and convenience stores in Canada, the United States, and internationally. The company’s Canada segment owns, supplies, and supports a coast-to-coast network of retail gas stations, electronic vehicle charging stations, frozen food retail locations, convenience stores, cardlock sites, bulk fuel, propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers; transports and distributes fuel through ships, rail, and highway carriers; and stores fuel in terminals and other owned and leased facilities, as well as engages in the low-carbon activities.