Parkland Fuel (TSE:PKI) Price Target Raised to C$51.00 at CIBC

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Parkland Fuel (TSE:PKI) had its price target boosted by CIBC from C$49.50 to C$51.00 in a research report released on Wednesday morning, BayStreet.CA reports.

Several other research firms have also recently weighed in on PKI. Raymond James set a C$51.00 price target on Parkland Fuel and gave the stock an outperform rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price objective on Parkland Fuel from C$56.00 to C$53.00 in a research note on Tuesday, October 22nd. Royal Bank of Canada raised their price objective on Parkland Fuel from C$41.00 to C$44.00 and gave the stock a sector perform rating in a research note on Wednesday, July 24th. Finally, National Bank Financial raised their price objective on Parkland Fuel from C$51.00 to C$52.00 and gave the stock an outperform rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of C$50.43.

TSE:PKI opened at C$46.96 on Wednesday. The stock has a market cap of $6.95 billion and a P/E ratio of 21.73. The stock has a 50 day simple moving average of C$44.05 and a 200 day simple moving average of C$42.58. The company has a current ratio of 1.18, a quick ratio of 0.75 and a debt-to-equity ratio of 166.65. Parkland Fuel has a 1-year low of C$31.59 and a 1-year high of C$47.36.

In other Parkland Fuel news, Senior Officer Ian James White sold 5,100 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$43.00, for a total transaction of C$219,300.00. Following the transaction, the insider now owns 3,973 shares in the company, valued at approximately C$170,839. Also, Director Timothy Hogarth sold 15,000 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of C$46.04, for a total value of C$690,672.00. Following the transaction, the director now owns 268,538 shares in the company, valued at approximately C$12,364,778.50. In the last 90 days, insiders have sold 37,494 shares of company stock worth $1,149,985.

About Parkland Fuel

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.

See Also: Arbitrage

Analyst Recommendations for Parkland Fuel (TSE:PKI)

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