CIBC Cuts Parkland (TSE:PKI) Price Target to C$43.00

Parkland (TSE:PKIFree Report) had its price target decreased by CIBC from C$50.00 to C$43.00 in a research note released on Thursday,BayStreet.CA reports.

Several other analysts have also commented on the stock. National Bankshares boosted their target price 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. JPMorgan Chase & Co. reduced their price objective on shares of Parkland from C$58.00 to C$55.00 and set an “overweight” rating for the company in a research note on Tuesday, March 18th. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, Parkland has an average rating of “Buy” and a consensus target price of C$46.85.

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Parkland Trading Up 1.4 %

TSE:PKI opened at C$32.65 on Thursday. Parkland has a 52 week low of C$30.09 and a 52 week high of C$43.64. The firm has a 50-day moving average price of C$35.42 and a two-hundred day moving average price of C$34.62. The company has a debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.39. The firm has a market cap of C$5.69 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33.

Insiders Place Their Bets

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

Parkland Company Profile

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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.

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