Parkland (TSE:PKI) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Parkland Co. (TSE:PKI)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$34.87 and traded as high as C$36.69. Parkland shares last traded at C$35.62, with a volume of 15,721,967 shares traded.

Analysts Set New Price Targets

Separately, CIBC upped their price target on shares of Parkland from C$48.00 to C$49.00 in a report on Wednesday, November 27th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$48.08.

Parkland Trading Down 2.2 %

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 capitalization of C$6.21 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33. The firm has a 50-day moving average of C$34.52 and a 200-day moving average of C$34.86.

Insider Activity at Parkland

In related news, Director James Allan Neate acquired 5,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was acquired at an average price of C$33.29 per share, for a total transaction of C$166,450.00. 20.51% of the stock is currently owned by corporate insiders.

About Parkland

Parkland Corporation operates food and convenience stores in Canada, the United States, and internationally. The company’s Canada segment owns, supplies, and supports a coast-to-coast network of retail gas stations, electronic vehicle charging stations, frozen food retail locations, convenience stores, cardlock sites, bulk fuel, propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers; transports and distributes fuel through ships, rail, and highway carriers; and stores fuel in terminals and other owned and leased facilities, as well as engages in the low-carbon activities.