Parkland Fuel Corp (PKI) Receives Average Recommendation of “Buy” from Analysts
Parkland Fuel Corp (TSE:PKI) has been given a consensus recommendation of “Buy” by the seven analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$34.13.
A number of equities research analysts have issued reports on the stock. TD Securities decreased their target price on shares of Parkland Fuel Corp from C$39.00 to C$37.00 and set an “action list buy” rating for the company in a research note on Friday, August 4th. Royal Bank Of Canada decreased their target price on shares of Parkland Fuel Corp from C$32.00 to C$31.00 and set a “sector perform” rating for the company in a research note on Thursday, August 3rd. CIBC lifted their target price on shares of Parkland Fuel Corp from C$33.00 to C$35.00 in a research note on Wednesday, May 10th. Finally, Scotiabank raised shares of Parkland Fuel Corp from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$30.00 to C$34.75 in a research note on Wednesday, May 10th.
In related news, Director John Frederick Bechtold bought 2,000 shares of the firm’s stock in a transaction on Tuesday, July 4th. The stock was bought at an average price of C$29.73 per share, with a total value of C$59,460.00.
Shares of Parkland Fuel Corp (PKI) opened at 25.98 on Tuesday. The firm’s 50-day moving average price is $26.83 and its 200 day moving average price is $28.70. Parkland Fuel Corp has a 1-year low of $24.63 and a 1-year high of $32.45. The firm has a market cap of $3.39 billion and a PE ratio of 68.01.
The business also recently announced a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 22nd will be paid a dividend of $0.096 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend is Friday, August 18th.
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Parkland Fuel Corp Company Profile
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.
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