Insider Buying: Parkland Co. (TSE:PKI) Director Buys 5,000 Shares of Stock

Parkland Co. (TSE:PKI) Director James Allan Neate purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was bought at an average cost of C$33.29 per share, with a total value of C$166,450.00.

Parkland Stock Performance

Shares of PKI stock opened at C$32.42 on Friday. Parkland Co. has a one year low of C$31.68 and a one year high of C$47.99. The company has a market cap of C$5.64 billion, a P/E ratio of 15.22, a P/E/G ratio of 11.79 and a beta of 1.33. The firm has a 50-day moving average of C$34.61 and a 200-day moving average of C$36.14. The company has a debt-to-equity ratio of 206.76, a current ratio of 1.33 and a quick ratio of 0.73.

Wall Street Analysts Forecast Growth

PKI has been the subject of several research reports. Canaccord Genuity Group reduced their target price on Parkland from C$47.00 to C$45.00 and set a “buy” rating for the company in a research note on Friday, November 1st. JPMorgan Chase & Co. decreased their price objective on Parkland from C$54.00 to C$53.00 in a report on Tuesday, September 17th. BMO Capital Markets cut their target price on Parkland from C$49.00 to C$46.00 in a report on Tuesday, October 22nd. National Bankshares decreased their price target on shares of Parkland from C$47.00 to C$45.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Raymond James dropped their price objective on shares of Parkland from C$55.00 to C$47.00 in a research note on Friday, October 25th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$48.08.

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.