Parkland Fuel Corp (TSE:PKI) had its price objective reduced by Royal Bank Of Canada from C$32.00 to C$31.00 in a research report released on Thursday morning. Royal Bank Of Canada currently has a sector perform rating on the stock.

Several other brokerages also recently weighed in on PKI. Scotiabank upgraded shares of Parkland Fuel Corp from a sector perform rating to an outperform rating and increased their target price for the stock from C$30.00 to C$34.75 in a research note on Wednesday, May 10th. CIBC increased their price target on shares of Parkland Fuel Corp from C$33.00 to C$35.00 in a report on Wednesday, May 10th. Finally, TD Securities increased 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. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of C$33.43.

Parkland Fuel Corp (TSE:PKI) opened at 26.28 on Thursday. The stock has a market cap of $2.54 billion and a price-to-earnings ratio of 57.89. The firm’s 50 day moving average price is $28.84 and its 200-day moving average price is $28.91. Parkland Fuel Corp has a 1-year low of $23.10 and a 1-year high of $32.45.

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The company also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Friday, July 21st will be issued a dividend of $0.096 per share. This is a boost from Parkland Fuel Corp’s previous monthly dividend of $0.07. This represents a $1.15 annualized dividend and a yield of 4.38%. The ex-dividend date is Wednesday, July 19th.

In other news, Director John Frederick Bechtold purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 4th. The stock was purchased at an average cost of C$29.73 per share, with a total value of C$59,460.00. Also, insider De Sande Patricia Van sold 8,735 shares of the stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of C$31.74, for a total transaction of C$277,248.90.

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.

Analyst Recommendations for Parkland Fuel Corp (TSE:PKI)

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