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

Parkland (TSE:PKI) had its target price decreased by CIBC from C$50.00 to C$43.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

PKI has been the topic of several other reports. National Bankshares raised their price target on shares of Parkland from C$41.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. decreased their target price on Parkland from C$58.00 to C$55.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Eleven analysts have rated the stock with a buy rating, According to MarketBeat.com, Parkland has a consensus rating of “Buy” and an average price target of C$46.85.

Parkland Stock Up 1.4 %

PKI opened at C$32.65 on Thursday. The business has a 50 day moving average of C$35.52 and a 200-day moving average of C$34.63. The stock has a market capitalization of C$5.69 billion, a price-to-earnings ratio of 23.53, a P/E/G ratio of 11.79 and a beta of 1.33. 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.

Insider Buying and Selling at Parkland

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

About Parkland

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.