Parkland (TSE:PKI) Shares Up 6.5% – Here’s What Happened

Parkland Co. (TSE:PKI) was up 6.5% on Thursday . The stock traded as high as C$37.51 and last traded at C$37.16. Approximately 215,854 shares traded hands during trading, a decline of 78% from the average daily volume of 963,164 shares. The stock had previously closed at C$34.88.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PKI shares. 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 report on Friday. CIBC boosted their target price on Parkland from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research report on Friday. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$47.92.

Parkland Stock Down 1.4 %

The firm has a market capitalization of C$6.34 billion, a PE ratio of 26.19, a PEG ratio of 11.79 and a beta of 1.33. The company has a fifty day simple moving average of C$34.74 and a two-hundred day simple moving average of C$34.86. The company has a debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.39.

Insiders Place Their Bets

In related news, Director James Allan Neate acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was purchased at an average cost of C$33.29 per share, for a total transaction of C$166,450.00. Company insiders own 20.51% of the company’s stock.

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.