Parkit Enterprise (CVE:PKT) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of Parkit Enterprise (CVE:PKT) from a hold rating to a moderate buy rating in a report released on Monday, MarketBeat reports. They currently have C$8.50 price target on the stock, down from their previous price target of C$9.00.

Parkit Enterprise Stock Up 3.1%

CVE PKT opened at C$7.22 on Monday. Parkit Enterprise has a 1 year low of C$6.30 and a 1 year high of C$10.00. The stock has a market cap of C$99.85 million, a PE ratio of 7.08 and a beta of 1.93. The business has a 50 day moving average price of C$7.89.

Insider Buying and Selling at Parkit Enterprise

In other Parkit Enterprise news, insider Parkit Enterprise Inc. purchased 11,100 shares of the company’s stock in a transaction dated Wednesday, September 30th. The stock was purchased at an average price of C$8.01 per share, for a total transaction of C$88,911.00. Following the transaction, the insider owned 11,100 shares in the company, valued at C$88,911. The trade was a ∞ increase in their position.

Parkit Enterprise Inc. is a Canadian company focused on the ownership and operation of parking assets and related real estate. The company’s business is centered on acquiring, managing, and optimizing parking facilities, with an emphasis on generating revenue from parking operations and associated property uses. As a real estate-focused operator, Parkit Enterprise’s activities are tied to urban and commercial parking demand in Canada and may include surface lots, parking structures, and other parking-related properties.