Parkland (TSE:PKI – Free Report) had its price target cut by BMO Capital Markets from C$52.00 to C$49.00 in a research report released on Thursday, BayStreet.CA reports.
PKI has been the subject of a number of other reports. Royal Bank of Canada reduced their target price on shares of Parkland from C$50.00 to C$49.00 in a research report on Wednesday, July 24th. National Bankshares cut their target price on shares of Parkland from C$52.00 to C$49.00 and set an outperform rating on the stock in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. lowered their price target on shares of Parkland from C$56.00 to C$54.00 in a research report on Tuesday, April 16th. CIBC reduced their price target on shares of Parkland from C$55.00 to C$54.00 in a research note on Thursday, July 18th. Finally, Desjardins dropped their price target on shares of Parkland from C$51.00 to C$48.00 and set a buy rating for the company in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of C$50.46.
Get Our Latest Stock Report on Parkland
Parkland Trading Down 2.7 %
Parkland Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 21st were issued a $0.35 dividend. The ex-dividend date was Thursday, June 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.89%. Parkland’s dividend payout ratio (DPR) is 64.52%.
Insider Activity at Parkland
In related news, Senior Officer Marcel Teunissen bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was bought at an average price of C$40.35 per share, with a total value of C$40,350.00. Insiders own 20.51% of the company’s stock.
About Parkland
Parkland Corporation operates food and convenience stores in Canada, the United States, and internationally. The company's Canada segment owns, supplies, and supports a coast-to-coast network of retail gas stations, electronic vehicle charging stations, frozen food retail locations, convenience stores, cardlock sites, bulk fuel, propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers; transports and distributes fuel through ships, rail, and highway carriers; and stores fuel in terminals and other owned and leased facilities, as well as engages in the low-carbon activities.
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