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

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

Parkland Trading Down 1.3 %

Parkland stock traded down C$0.44 during mid-day trading on Thursday, hitting C$33.34. The company’s stock had a trading volume of 216,233 shares, compared to its average volume of 541,772. The company has a debt-to-equity ratio of 206.76, a quick ratio of 0.73 and a current ratio of 1.33. The stock has a market cap of C$5.80 billion, a PE ratio of 15.65, a P/E/G ratio of 11.79 and a beta of 1.33. The company has a 50 day moving average of C$34.72 and a 200-day moving average of C$36.18. Parkland Co. has a one year low of C$31.68 and a one year high of C$47.99.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PKI. Scotiabank decreased their price objective on Parkland from C$60.00 to C$52.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Raymond James reduced their price target on shares of Parkland from C$55.00 to C$47.00 in a research report on Friday, October 25th. ATB Capital lowered their price objective on Parkland from C$49.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. BMO Capital Markets decreased their price objective on Parkland from C$49.00 to C$46.00 in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. lowered their price objective on Parkland from C$54.00 to C$53.00 in a research report on Tuesday, September 17th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, Parkland presently has a consensus rating of “Buy” and an average target price of C$48.08.

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.