Parkland (TSE:PKI) PT Lowered to C$48.00

Parkland (TSE:PKI) had its price target decreased by Royal Bank of Canada from C$49.00 to C$48.00 in a research report report published on Friday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other research analysts have also issued reports on PKI. CIBC lowered their target price on Parkland from C$55.00 to C$54.00 in a report on Thursday, July 18th. BMO Capital Markets lowered their target price on Parkland from C$52.00 to C$49.00 in a report on Thursday, August 1st. Cormark dropped their price target on Parkland from C$53.00 to C$49.00 in a research note on Friday. Desjardins dropped their price target on Parkland from C$48.00 to C$46.00 and set a buy rating on the stock in a research note on Friday. Finally, National Bankshares dropped their price target on 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. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Parkland presently has a consensus rating of Moderate Buy and an average price target of C$50.46.

Parkland Stock Performance

PKI stock opened at C$36.00 on Friday. The company has a debt-to-equity ratio of 210.21, a quick ratio of 0.73 and a current ratio of 1.37. The stock has a market capitalization of C$6.29 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 11.79 and a beta of 1.37. Parkland has a 1 year low of C$35.00 and a 1 year high of C$47.99. The stock’s fifty day moving average is C$38.15 and its two-hundred day moving average is C$41.48.

Parkland Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 21st were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date was Thursday, June 20th. Parkland’s dividend payout ratio is currently 64.52%.

Insider Activity at Parkland

In related news, Senior Officer Marcel Teunissen purchased 1,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were purchased at an average price of C$40.35 per share, with a total value of C$40,350.00. 20.51% of the stock is owned by insiders.

Parkland Company Profile

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.