Parkland (TSE:PKI) Price Target Lowered to C$44.00 at Scotiabank

Parkland (TSE:PKI) had its price objective lowered by research analysts at Scotiabank from C$52.00 to C$44.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 14.32% from the company’s previous close.

A number of other brokerages have also recently weighed in on PKI. Canaccord Genuity Group dropped their price objective 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, April 17th. JPMorgan Chase & Co. reduced their price objective on Parkland from C$58.00 to C$55.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. ATB Capital dropped their price objective on Parkland from C$46.00 to C$45.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. TD Securities reduced their target price on shares of Parkland from C$52.00 to C$50.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, CIBC lowered their price target on shares of Parkland from C$50.00 to C$43.00 in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Parkland currently has an average rating of “Moderate Buy” and an average target price of C$45.54.

Parkland Price Performance

Parkland stock opened at C$38.49 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 199.87. The firm’s 50-day simple moving average is C$34.85 and its 200 day simple moving average is C$34.60. Parkland has a 52 week low of C$30.09 and a 52 week high of C$40.79. The firm has a market capitalization of C$6.71 billion, a PE ratio of 27.73, a P/E/G ratio of 11.79 and a beta of 1.33.

Insider Activity at Parkland

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