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.
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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