Scotiabank Lowers Parkland Fuel Corp (PKI) Price Target to C$30.00
Parkland Fuel Corp (TSE:PKI) had its price objective cut by investment analysts at Scotiabank from C$33.75 to C$30.00 in a research note issued to investors on Monday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 22.90% from the stock’s previous close.
A number of other research analysts also recently commented on the stock. TD Securities cut their target price on shares of Parkland Fuel Corp from C$39.00 to C$37.00 and set an “action list buy” rating on the stock in a research report on Friday, August 4th. Royal Bank Of Canada cut their target price on shares of Parkland Fuel Corp from C$32.00 to C$31.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 3rd. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Parkland Fuel Corp currently has an average rating of “Buy” and a consensus price target of C$33.40.
Shares of Parkland Fuel Corp (PKI) traded up 3.21% during midday trading on Monday, reaching $24.41. 1,550,001 shares of the company’s stock were exchanged. The company has a market cap of $3.19 billion and a price-to-earnings ratio of 63.90. The stock’s 50 day moving average price is $25.92 and its 200 day moving average price is $28.17. Parkland Fuel Corp has a 12-month low of $23.41 and a 12-month high of $32.45.
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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