Raymond James set a C$49.00 target price on Parkland Fuel (TSE:PKI) in a research note issued to investors on Tuesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
A number of other analysts have also recently issued reports on the stock. BMO Capital Markets set a C$50.00 target price on shares of Parkland Fuel and gave the company an outperform rating in a research note on Tuesday, May 28th. Desjardins boosted their price objective on shares of Parkland Fuel from C$46.00 to C$50.00 in a research note on Friday, May 3rd. CIBC boosted their price objective on shares of Parkland Fuel from C$48.00 to C$49.50 in a research note on Friday, July 12th. National Bank Financial boosted their price objective on shares of Parkland Fuel from C$50.00 to C$51.00 and gave the stock an outperform rating in a research note on Tuesday. Finally, Royal Bank of Canada boosted their price objective on shares of Parkland Fuel from C$41.00 to C$44.00 and gave the stock a sector perform rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of C$48.92.
TSE PKI opened at C$43.16 on Tuesday. The company has a debt-to-equity ratio of 166.65, a current ratio of 1.18 and a quick ratio of 0.75. The firm has a market capitalization of $6.36 billion and a PE ratio of 19.99. The company has a 50 day simple moving average of C$42.86. Parkland Fuel has a 12-month low of C$31.59 and a 12-month high of C$47.45.
In related news, Senior Officer Robert Berthold Espey sold 16,340 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of C$41.82, for a total transaction of C$683,366.58. Following the transaction, the insider now owns 452,737 shares of the company’s stock, valued at C$18,934,230.99. Also, Senior Officer Patricia Van De Sande sold 3,700 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of C$42.39, for a total transaction of C$156,843.00. Following the transaction, the insider now directly owns 1,838 shares in the company, valued at approximately C$77,912.82.
Parkland Fuel Company Profile
Parkland Fuel Corporation operates as a marketer, distributor, and refiner of fuel and petroleum products in Canada and the United States. The company's Retail segment supplies and supports a network of 1,855 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Pioneer, Chevron, and Race Trac, as well as operates convenience stores under the On the Run/Marché Express brand.
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