Parkland Co. (TSE:PKI) Receives Consensus Rating of “Buy” from Brokerages

Shares of Parkland Co. (TSE:PKI) have earned a consensus recommendation of “Buy” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$47.92.

A number of brokerages recently issued reports on PKI. CIBC increased their target price on Parkland from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a report on Friday. National Bankshares increased their target price on Parkland from C$41.00 to C$42.00 and gave the stock an “outperform” rating in a report on Friday.

Insider Buying and Selling at Parkland

In other Parkland news, Director James Allan Neate bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average cost of C$33.29 per share, with a total value of C$166,450.00. Company insiders own 20.51% of the company’s stock.

Parkland Price Performance

Shares of PKI opened at C$36.35 on Monday. Parkland has a 12-month low of C$30.09 and a 12-month high of C$45.10. The business’s fifty day moving average is C$34.81 and its 200 day moving average is C$34.86. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 199.87. The stock has a market cap of C$6.34 billion, a P/E ratio of 26.19, a P/E/G ratio of 11.79 and a beta of 1.33.

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.