Brokerages Set Parkland Co. (TSE:PKI) PT at C$48.08

Parkland Co. (TSE:PKI) has been given an average recommendation of “Buy” by the nine analysts that are covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$48.08.

A number of equities analysts have recently commented on PKI shares. BMO Capital Markets dropped their price target on shares of Parkland from C$49.00 to C$46.00 in a research report on Tuesday, October 22nd. CIBC upped their price target on Parkland from C$48.00 to C$49.00 in a report on Wednesday, November 27th. ATB Capital reduced their price objective on shares of Parkland from C$49.00 to C$46.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Scotiabank cut their target price on Parkland from C$60.00 to C$52.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, National Bankshares dropped their price objective on Parkland from C$47.00 to C$45.00 and set a “buy” rating for the company in a research note on Friday, November 1st.

Parkland Price Performance

TSE PKI opened at C$35.95 on Friday. The stock’s 50-day moving average is C$34.58 and its two-hundred day moving average is C$36.55. The company has a debt-to-equity ratio of 206.76, a current ratio of 1.33 and a quick ratio of 0.73. Parkland has a fifty-two week low of C$31.68 and a fifty-two week high of C$47.99. The firm has a market cap of C$6.26 billion, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 11.79 and a beta of 1.33.

Parkland Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 20th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.89%. Parkland’s payout ratio is currently 65.73%.

Insider Buying and Selling at Parkland

In related news, Director Michael Christian Jennings bought 4,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were purchased at an average price of C$32.02 per share, with a total value of C$128,060.00. Corporate insiders own 20.51% of the company’s stock.

Parkland Company Profile

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.