Parkland (TSE:PKI) Price Target Raised to C$51.00 at JPMorgan Chase & Co.

Parkland (TSE:PKIFree Report) had its price target boosted by JPMorgan Chase & Co. from C$47.00 to C$51.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. The firm currently has an overweight rating on the stock.

PKI has been the subject of a number of other research reports. The Goldman Sachs Group upped their price objective on Parkland from C$39.00 to C$40.00 and gave the company a neutral rating in a report on Friday, November 17th. Desjardins increased their price target on shares of Parkland from C$47.00 to C$51.00 in a research report on Wednesday, November 15th. ATB Capital boosted their price objective on shares of Parkland from C$50.00 to C$54.00 and gave the company an outperform rating in a report on Wednesday, November 15th. Scotiabank upped their target price on shares of Parkland from C$45.00 to C$50.00 and gave the company an outperform rating in a research note on Friday, November 3rd. Finally, Royal Bank of Canada lowered shares of Parkland from an outperform rating to a sector perform rating and set a C$54.00 price target for the company. in a report on Monday. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of C$51.00.

View Our Latest Research Report on Parkland

Parkland Price Performance

Shares of PKI stock opened at C$45.78 on Tuesday. The firm’s 50 day moving average price is C$44.30 and its two-hundred day moving average price is C$41.19. The stock has a market cap of C$8.06 billion, a PE ratio of 18.02, a PEG ratio of 11.79 and a beta of 1.35. Parkland has a 52-week low of C$27.50 and a 52-week high of C$47.37. The company has a debt-to-equity ratio of 196.59, a quick ratio of 0.73 and a current ratio of 1.33.

Parkland Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 22nd were issued a $0.34 dividend. The ex-dividend date of this dividend was Thursday, December 21st. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.97%. Parkland’s dividend payout ratio (DPR) is presently 53.54%.

Insiders Place Their Bets

In related news, Senior Officer Ian James White sold 20,000 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of C$44.10, for a total transaction of C$882,000.00. In other Parkland news, Senior Officer Ian James White sold 20,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of C$44.10, for a total transaction of C$882,000.00. Also, Senior Officer Pierre Patrick Gerard Magnan sold 27,061 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of C$43.82, for a total transaction of C$1,185,772.43. Insiders have sold 138,951 shares of company stock valued at $6,132,327 in the last three months. 20.40% of the stock is currently owned by corporate insiders.

Parkland Company Profile

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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.

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Analyst Recommendations for Parkland (TSE:PKI)

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