CIBC Raises Parkland Fuel (TSE:PKI) Price Target to C$49.50
Parkland Fuel (TSE:PKI) had its price target upped by CIBC from C$48.00 to C$49.50 in a report released on Friday morning, BayStreet.CA reports.
Other analysts have also recently issued research reports about the company. National Bank Financial set a C$1.90 target price on Troilus Gold and gave the stock an outperform rating in a report on Friday, May 3rd. BMO Capital Markets set a C$50.00 target price on Parkland Fuel and gave the stock an outperform rating in a report on Tuesday, May 28th. Desjardins boosted their target price on Stella-Jones from C$50.00 to C$54.00 in a report on Friday, May 3rd. Raymond James boosted their target price on S&P Global from $226.00 to $246.00 and gave the stock an outperform rating in a report on Wednesday, July 10th. Finally, Royal Bank of Canada set a $60.00 target price on Masonite International and gave the stock a buy rating in a report on Friday, May 3rd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of C$47.31.
TSE PKI opened at C$44.64 on Friday. Parkland Fuel has a 12 month low of C$31.59 and a 12 month high of C$47.45. The company’s 50-day moving average is C$41.69. The company has a debt-to-equity ratio of 178.39, a quick ratio of 0.79 and a current ratio of 1.25. The firm has a market cap of $6.53 billion and a P/E ratio of 23.49.
In other Parkland Fuel news, Senior Officer Patricia Van De Sande sold 3,700 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of C$42.39, for a total value of C$156,843.00. Following the completion of the transaction, the insider now owns 1,838 shares in the company, valued at approximately C$77,912.82. Also, Senior Officer Robert Berthold Espey sold 16,340 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of C$41.82, for a total value of C$683,366.58. Following the completion of the transaction, the insider now directly owns 452,737 shares in the company, valued at C$18,934,230.99.
Parkland Fuel Company Profile
Parkland Fuel Corporation operates as a marketer, distributor, and refiner of fuel and petroleum products in Canada and the United States. The company's Retail segment supplies and supports a network of 1,855 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Pioneer, Chevron, and Race Trac, as well as operates convenience stores under the On the Run/Marché Express brand.
Further Reading: Diversification
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