Raymond James Cuts Parkland (TSE:PKI) Price Target to C$45.00

Parkland (TSE:PKI) had its price objective cut by Raymond James from C$47.00 to C$45.00 in a report released on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the company. CIBC dropped their price target on Parkland from C$50.00 to C$43.00 in a research report on Thursday. JPMorgan Chase & Co. decreased their price target on Parkland from C$58.00 to C$55.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. National Bankshares boosted their price objective on shares of Parkland from C$41.00 to C$42.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Finally, Canaccord Genuity Group reduced their target price on shares of Parkland from C$45.00 to C$42.00 and set a “buy” rating for the company in a research note on Thursday. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Parkland has an average rating of “Buy” and an average target price of C$46.85.

Parkland Stock Up 1.4 %

PKI opened at C$32.65 on Thursday. The stock has a market capitalization of C$5.69 billion, a P/E ratio of 23.53, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. The company has a debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.39. Parkland has a one year low of C$30.09 and a one year high of C$43.64. The business’s 50-day simple moving average is C$35.42 and its 200-day simple moving average is C$34.62.

Insider Activity

In other Parkland news, Director Nora Duke purchased 2,800 shares of Parkland stock in a transaction on Monday, March 10th. The stock was bought at an average price of C$35.50 per share, for a total transaction of C$99,388.24. Also, Senior Officer Darren Robert Smart sold 5,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of C$36.76, for a total transaction of C$183,800.00. Corporate insiders own 20.51% of the company’s stock.

About Parkland

Parkland Corp distributes and markets fuels and lubricants. Refined fuels and other petroleum products are among the variety of offerings the company delivers to motorists, businesses, consumers, and wholesalers in the United States and Canada. Parkland operates through several subsidiaries that are either company owned-and retailer-operated, dealer-owned and dealer-operated, or dealer-cosigned and dealer-operated.