JPMorgan Chase & Co. Cuts Parkland (TSE:PKI) Price Target to C$55.00

Parkland (TSE:PKI) had its price objective lowered by JPMorgan Chase & Co. from C$58.00 to C$55.00 in a research report released on Tuesday,BayStreet.CA reports. The brokerage currently has an overweight rating on the stock.

A number of other research analysts have also commented on the company. National Bankshares increased their price objective on Parkland from C$41.00 to C$42.00 and gave the company an “outperform” rating in a report on Friday, March 7th. CIBC increased their price objective on Parkland from C$49.00 to C$50.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$48.08.

Parkland Stock Performance

Shares of TSE PKI opened at C$36.87 on Tuesday. 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$6.43 billion, a price-to-earnings ratio of 26.57, a P/E/G ratio of 11.79 and a beta of 1.33. The business’s 50-day simple moving average is C$35.42 and its 200-day simple moving average is C$34.88. Parkland has a 52 week low of C$30.09 and a 52 week high of C$43.99.

Insiders Place Their Bets

In related news, Director Nora Duke bought 2,800 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average price of C$35.50 per share, for a total transaction of C$99,388.24. Also, Senior Officer Darren Robert Smart sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$36.76, for a total value of C$183,800.00. Corporate insiders own 20.51% of the company’s stock.

About Parkland

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.