Parkland (TSE:PKI) Given New C$55.00 Price Target at JPMorgan Chase & Co.

Parkland (TSE:PKI) had its price objective lowered by research analysts at JPMorgan Chase & Co. from C$58.00 to C$55.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 49.05% from the stock’s current price.

Several other research firms also recently commented on PKI. CIBC boosted 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. National Bankshares boosted 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. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Parkland has an average rating of “Buy” and an average price target of C$48.08.

Parkland Trading Up 1.6 %

Shares of PKI stock opened at C$36.90 on Tuesday. The company has a market cap of C$6.43 billion, a P/E ratio of 26.59, a PEG ratio of 11.79 and a beta of 1.33. The stock has a 50 day simple moving average of C$35.34 and a two-hundred day simple moving average of C$34.87. The company has a debt-to-equity ratio of 199.87, a quick ratio of 0.73 and a current ratio of 1.39. Parkland has a fifty-two week low of C$30.09 and a fifty-two week high of C$43.99.

Insider Activity

In other Parkland news, Senior Officer Darren Robert Smart sold 5,000 shares of the 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. Also, Director Nora Duke acquired 2,800 shares of the company’s stock in a transaction on Monday, March 10th. The stock was acquired at an average price of C$35.50 per share, with a total value of C$99,388.24. 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.