Insider Buying: Parkland Co. (TSE:PKI) Director Purchases 4,000 Shares of Stock

Parkland Co. (TSE:PKI) Director Michael Christian Jennings bought 4,000 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was purchased at an average cost of C$32.02 per share, for a total transaction of C$128,060.00.

Parkland Price Performance

Shares of Parkland stock opened at C$32.84 on Thursday. 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 has a market capitalization of C$5.72 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. Parkland Co. has a twelve month low of C$31.68 and a twelve month high of C$47.99. The company has a 50-day simple moving average of C$35.00 and a two-hundred day simple moving average of C$37.47.

Parkland Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 20th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend was Thursday, September 19th. Parkland’s dividend payout ratio (DPR) is currently 65.73%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. CIBC dropped their price objective on Parkland from C$50.00 to C$48.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Scotiabank dropped their price target on Parkland from C$60.00 to C$52.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Desjardins cut their price target on Parkland from C$46.00 to C$44.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada decreased their price objective on shares of Parkland from C$49.00 to C$48.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Finally, National Bankshares cut their target price on shares of Parkland from C$47.00 to C$45.00 and set a “buy” rating for the company in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$47.38.

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.