Parkland Fuel Corp (PKI) Receives Average Recommendation of “Hold” from Brokerages
Shares of Parkland Fuel Corp (TSE:PKI) have received an average rating of “Hold” from the six brokerages that are covering the firm. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$31.88.
A number of analysts recently weighed in on PKI shares. Haywood Securities lifted their price target on Parkland Fuel Corp from C$26.50 to C$29.25 and gave the company a “hold” rating in a research note on Tuesday, August 23rd. TD Securities lifted their price target on Parkland Fuel Corp from C$24.00 to C$27.00 and gave the company a “buy” rating in a research note on Monday, August 8th. Scotiabank restated a “sector perform” rating and issued a C$23.25 price target on shares of Parkland Fuel Corp in a research note on Monday, July 4th. Royal Bank Of Canada lifted their price target on Parkland Fuel Corp from C$24.00 to C$31.00 and gave the company a “sector perform” rating in a research note on Thursday, September 8th. Finally, National Bank Financial restated an “outperform” rating and issued a C$34.00 price target on shares of Parkland Fuel Corp in a research note on Thursday, September 8th.
Shares of Parkland Fuel Corp (TSE:PKI) traded up 0.13% during mid-day trading on Friday, hitting $30.89. The company’s stock had a trading volume of 39,546 shares. The stock has a 50-day moving average of $30.28 and a 200-day moving average of $24.90. Parkland Fuel Corp has a 12-month low of $19.69 and a 12-month high of $31.61. The company has a market cap of $2.95 billion and a PE ratio of 48.27.
About Parkland Fuel Corp
Parkland Fuel Corporation distributes and markets fuels and lubricants. The Company delivers refined fuels and other petroleum products to motorists, businesses, consumers and wholesale customers. Its segments include Retail Fuels, Commercial Fuels, Parkland USA, Supply and Wholesale, and Corporate. Its Retail Fuels segment supplies and supports a network of over 1,070 retail gas stations in Canada.
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