Parkland (TSE:PKI) Price Target Raised to C$50.00

Parkland (TSE:PKI) had its target price increased by CIBC from C$49.00 to C$50.00 in a research report sent to investors on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Parkland Stock Down 1.4 %

Shares of PKI stock opened at C$36.35 on Friday. Parkland has a 1 year low of C$30.09 and a 1 year high of C$45.10. The stock has a market cap of C$6.34 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. 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 debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.39.

Insider Buying and Selling

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 acquired at an average price of C$33.29 per share, with a total value of C$166,450.00. Insiders own 20.51% of the company’s stock.

About Parkland

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.