Parkland Fuel Corp (PKI) Receives Average Rating of “Buy” from Analysts
Parkland Fuel Corp (TSE:PKI) has been given a consensus rating of “Buy” by the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$34.00.
A number of research firms recently issued reports on PKI. Royal Bank of Canada upped their price target on shares of Parkland Fuel Corp from C$31.00 to C$32.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 10th. Scotiabank upgraded shares of Parkland Fuel Corp from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$30.00 to C$34.75 in a research report on Wednesday, May 10th. CIBC boosted their price objective on shares of Parkland Fuel Corp from C$33.00 to C$35.00 in a research report on Wednesday, May 10th. Finally, TD Securities upped their price target on shares of Parkland Fuel Corp from C$34.00 to C$39.00 and gave the stock a “buy” rating in a report on Wednesday, May 10th.
In related news, insider Donna Jeanne Strating sold 3,712 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of C$31.03, for a total transaction of C$115,183.36. Also, Director John Frederick Bechtold bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 4th. The shares were acquired at an average price of C$29.73 per share, with a total value of C$59,460.00.
Shares of Parkland Fuel Corp (PKI) opened at 28.42 on Monday. The firm has a 50-day moving average of $30.63 and a 200-day moving average of $28.85. Parkland Fuel Corp has a 12 month low of $22.62 and a 12 month high of $32.45. The company has a market capitalization of $2.75 billion and a P/E ratio of 62.60.
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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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