Parkland Fuel Corp (PKI) Receives Average Recommendation of “Hold” from Brokerages
Parkland Fuel Corp (TSE:PKI) has been assigned an average rating of “Hold” from the six analysts that are covering the firm. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$31.88.
PKI has been the topic of several recent research reports. Haywood Securities upped their price objective on Parkland Fuel Corp from C$26.50 to C$29.25 and gave the stock a “hold” rating in a research report on Tuesday, August 23rd. TD Securities upped their price objective on Parkland Fuel Corp from C$24.00 to C$27.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. Scotiabank restated a “sector perform” rating and issued a C$23.25 price objective on shares of Parkland Fuel Corp in a research report on Monday, July 4th. Royal Bank Of Canada upped their price objective on Parkland Fuel Corp from C$24.00 to C$31.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 8th. Finally, National Bank Financial restated an “outperform” rating and issued a C$34.00 price objective on shares of Parkland Fuel Corp in a research report on Thursday, September 8th.
Shares of Parkland Fuel Corp (TSE:PKI) traded up 0.13% during midday trading on Friday, reaching $30.89. 39,546 shares of the company traded hands. The firm has a market capitalization of $2.95 billion and a PE ratio of 48.27. The stock has a 50 day moving average price of $30.28 and a 200 day moving average price of $24.90. Parkland Fuel Corp has a 1-year low of $19.69 and a 1-year high of $31.61.
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.
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