Parkland (TSE:PKI) Given New C$43.00 Price Target at CIBC

Parkland (TSE:PKI) had its price target dropped by investment analysts at CIBC from C$50.00 to C$43.00 in a note issued to investors on Thursday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 31.70% from the stock’s current price.

PKI has been the subject of several other reports. National Bankshares lifted their target price on Parkland from C$41.00 to C$42.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. decreased their target price on Parkland from C$58.00 to C$55.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Parkland currently has a consensus rating of “Buy” and a consensus target price of C$46.85.

Parkland Trading Up 1.4 %

Shares of TSE PKI opened at C$32.65 on Thursday. Parkland has a 1-year low of C$30.09 and a 1-year high of C$43.64. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 199.87. The company has a 50-day moving average of C$35.42 and a two-hundred day moving average of C$34.62. The company has a market cap of C$5.69 billion, a PE ratio of 23.53, a P/E/G ratio of 11.79 and a beta of 1.33.

Insider Activity at Parkland

In other news, Director Nora Duke purchased 2,800 shares of the business’s stock in a transaction on Monday, March 10th. The stock was purchased 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 business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$36.76, for a total transaction of C$183,800.00. 20.51% of the stock is owned by insiders.

Parkland Company Profile

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.