Parkit Enterprise (CVE:PKT – Get Free Report) was upgraded by research analysts at Raymond James Financial from a “market perform” rating to an “outperform” rating in a research note issued on Monday, BayStreet reports. The firm currently has a C$8.50 target price on the stock, down from their prior target price of C$9.00. Raymond James Financial‘s price target would suggest a potential upside of 21.60% from the company’s current price.
Parkit Enterprise Price Performance
Shares of CVE:PKT traded up C$0.25 during trading on Monday, hitting C$6.99. The stock had a trading volume of 200 shares, compared to its average volume of 2,682. Parkit Enterprise has a 12 month low of C$6.30 and a 12 month high of C$10.00. The company has a market cap of C$96.67 million, a P/E ratio of 6.85 and a beta of 1.93. The company has a fifty day moving average of C$7.99.
Insider Activity
In related news, insider Parkit Enterprise Inc. acquired 11,100 shares of the stock in a transaction on Wednesday, September 30th. The stock was acquired at an average price of C$8.01 per share, for a total transaction of C$88,911.00. Following the completion of the purchase, the insider owned 11,100 shares of the company’s stock, valued at C$88,911. This represents a ∞ increase in their ownership of the stock.
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.
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