CIBC Lowers Parkland (TSE:PKI) Price Target to C$43.00

Parkland (TSE:PKI) had its price target lowered by CIBC from C$50.00 to C$43.00 in a report published on Thursday,BayStreet.CA reports.

Several other equities research analysts also recently commented on the stock. JPMorgan Chase & Co. lowered 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 note on Tuesday, March 18th. National Bankshares boosted their target price on Parkland from C$41.00 to C$42.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$46.85.

Parkland Trading Up 1.4 %

TSE:PKI opened at C$32.65 on Thursday. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 199.87. Parkland has a 1-year low of C$30.09 and a 1-year high of C$43.64. The firm has a market capitalization of C$5.69 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 11.79 and a beta of 1.33. The business’s 50-day moving average price is C$35.52 and its two-hundred day moving average price is C$34.63.

Insider Buying and Selling

In other Parkland news, Director Nora Duke purchased 2,800 shares of Parkland stock in a transaction that occurred on Monday, March 10th. The stock was acquired 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 that occurred on Monday, March 17th. The shares were 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 corporate 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.