Parkland Fuel (TSE:PKI) PT Raised to C$38.00 at Royal Bank of Canada

Parkland Fuel (TSE:PKI) had its price target lifted by stock analysts at Royal Bank of Canada from C$35.00 to C$38.00 in a research note issued to investors on Tuesday, August 7th. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential downside of 6.54% from the company’s current price.

PKI has been the subject of several other reports. TD Securities raised their price objective on Parkland Fuel from C$38.00 to C$45.00 in a research note on Tuesday, August 7th. National Bank Financial reissued an “outperform overweight” rating on shares of Parkland Fuel in a research note on Wednesday, April 25th. Scotiabank increased their target price on Parkland Fuel from C$32.50 to C$34.50 and gave the company an “outperform” rating in a report on Thursday, May 3rd. CIBC increased their target price on Parkland Fuel from C$37.50 to C$38.00 in a report on Thursday, July 26th. Finally, Desjardins restated a “buy” rating and issued a C$36.00 target price on shares of Parkland Fuel in a report on Friday, April 20th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$41.14.

TSE PKI traded down C$0.16 on Tuesday, reaching C$40.66. 175,869 shares of the stock traded hands, compared to its average volume of 363,007. Parkland Fuel has a 12 month low of C$23.41 and a 12 month high of C$41.35.

About Parkland Fuel

Parkland Fuel Corporation operates as an independent marketer and distributor of fuels and petroleum products in Canada and the United States. Its Retails Fuels segment supplies and supports a network of 1,848 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Pioneer, Chevron, Race Trac, On the Run/Marché Express, Short Stop, Town Pantry, Dépanneur du Coin/Corner Store, Snack Express, Verve, and others brands, as well as operates convenience stores under the On the Run/Marché Express brand.

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Analyst Recommendations for Parkland Fuel (TSE:PKI)

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