National Bankshares Raises Parkland (TSE:PKI) Price Target to C$42.00

Parkland (TSE:PKI) had its target price hoisted by National Bankshares from C$41.00 to C$42.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports.

PKI has been the topic of several other research reports. Raymond James cut their price objective on Parkland from C$47.00 to C$45.00 and set an “outperform” rating on the stock in a report on Thursday, April 17th. ATB Capital cut their price target on Parkland from C$46.00 to C$45.00 and set an “outperform” rating on the stock in a research note on Thursday, April 17th. CIBC lowered their price objective on Parkland from C$50.00 to C$43.00 in a research note on Thursday, April 17th. JPMorgan Chase & Co. cut their target price on shares of Parkland from C$58.00 to C$55.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Finally, Canaccord Genuity Group decreased their price target on shares of Parkland from C$45.00 to C$42.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$45.54.

Parkland Price Performance

PKI stock opened at C$38.17 on Tuesday. Parkland has a 1 year low of C$30.09 and a 1 year high of C$40.97. The company has a debt-to-equity ratio of 199.87, a current ratio of 1.39 and a quick ratio of 0.73. The stock has a market cap of C$6.66 billion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 11.79 and a beta of 1.33. The company has a 50 day simple moving average of C$34.79 and a 200 day simple moving average of C$34.57.

Insiders Place Their Bets

In other news, Senior Officer Darren Robert Smart sold 5,000 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of C$36.76, for a total transaction of C$183,800.00. Also, Director Nora Duke bought 2,800 shares of Parkland stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of C$35.50 per share, with a total value of C$99,388.24. Company insiders own 20.51% of the company’s stock.

Parkland Company Profile

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.