Parkland Fuel (TSE:PKI) had its price target boosted by equities research analysts at CIBC from C$48.00 to C$49.50 in a research report issued to clients and investors on Friday, BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 10.89% from the stock’s previous close.
A number of other equities research analysts have also weighed in on PKI. Royal Bank of Canada set a $60.00 target price on shares of Masonite International and gave the stock a “buy” rating in a report on Friday, May 3rd. National Bank Financial set a C$1.90 target price on shares of Troilus Gold and gave the stock an “outperform” rating in a report on Friday, May 3rd. Desjardins upped their target price on shares of Stella-Jones from C$50.00 to C$54.00 in a report on Friday, May 3rd. BMO Capital Markets set a C$50.00 target price on shares of Parkland Fuel and gave the stock an “outperform” rating in a report on Tuesday, May 28th. Finally, Raymond James increased their price objective on shares of S&P Global from $226.00 to $246.00 and gave the company an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$47.31.
PKI opened at C$44.64 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.25 and a debt-to-equity ratio of 178.39. Parkland Fuel has a fifty-two week low of C$31.59 and a fifty-two week high of C$47.45. The firm has a market cap of $6.53 billion and a price-to-earnings ratio of 23.49. The stock has a 50-day simple moving average of C$41.69.
In other Parkland Fuel news, Senior Officer Patricia Van De Sande sold 3,700 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of C$42.39, for a total value of C$156,843.00. Following the completion of the sale, the insider now owns 1,838 shares in the company, valued at approximately C$77,912.82. Also, Senior Officer Robert Berthold Espey sold 16,340 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of C$41.82, for a total transaction of C$683,366.58. Following the completion of the sale, the insider now owns 452,737 shares of the company’s stock, valued at approximately C$18,934,230.99.
Parkland Fuel Company Profile
Parkland Fuel Corporation operates as a marketer, distributor, and refiner of fuel and petroleum products in Canada and the United States. The company's Retail segment supplies and supports a network of 1,855 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Pioneer, Chevron, and Race Trac, as well as operates convenience stores under the On the Run/Marché Express brand.
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