Parkland Fuel Corp (TSE:PKI) Given Average Rating of “Buy” by Brokerages

Parkland Fuel Corp (TSE:PKI) has received an average recommendation of “Buy” from the eight research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$34.00.

A number of research firms have recently commented on PKI. CIBC lifted their target price on Parkland Fuel Corp from C$33.00 to C$35.00 in a research note on Wednesday, May 10th. Royal Bank Of Canada lifted their target price on Parkland Fuel Corp from C$31.00 to C$32.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 10th. Scotiabank raised Parkland Fuel Corp from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$30.00 to C$34.75 in a report on Wednesday, May 10th. Finally, TD Securities lifted their price objective on Parkland Fuel Corp from C$34.00 to C$39.00 and gave the stock a “buy” rating in a report on Wednesday, May 10th.

Parkland Fuel Corp (TSE:PKI) opened at 27.70 on Tuesday. Parkland Fuel Corp has a 12-month low of $22.62 and a 12-month high of $32.45. The firm has a market capitalization of $2.68 billion and a P/E ratio of 61.01. The firm has a 50 day moving average of $30.63 and a 200 day moving average of $28.85.

In other Parkland Fuel Corp news, insider Donna Jeanne Strating sold 3,712 shares of Parkland Fuel Corp stock in a transaction dated Friday, May 26th. The stock was sold at an average price of C$31.03, for a total transaction of C$115,183.36. Also, insider De Sande Patricia Van sold 8,735 shares of Parkland Fuel Corp stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of C$31.74, for a total value of C$277,248.90.

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About Parkland Fuel Corp

Parkland Fuel Corporation distributes and markets fuels and lubricants. The Company delivers refined fuels and other petroleum products to motorists, businesses, consumers and wholesale customers. Its segments include Retail Fuels, Commercial Fuels, Parkland USA, Supply and Wholesale, and Corporate. Its Retail Fuels segment supplies and supports a network of over 1,070 retail gas stations in Canada.

Analyst Recommendations for Parkland Fuel Corp (TSE:PKI)

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