Parkland Fuel (PKI) PT Raised to C$44.50 at CIBC

Parkland Fuel (TSE:PKI) had its target price increased by CIBC from C$38.00 to C$44.50 in a report issued on Tuesday, August 7th.

A number of other equities analysts have also issued reports on the company. Royal Bank of Canada increased their price target on Parkland Fuel from C$33.00 to C$35.00 and gave the company a sector perform rating in a research note on Monday, July 30th. Canaccord Genuity raised their price objective on Parkland Fuel from C$42.00 to C$44.00 and gave the stock a buy rating in a research note on Wednesday, July 25th. National Bank Financial raised their price objective on Parkland Fuel from C$36.00 to C$37.00 and gave the stock an outperform rating in a research note on Tuesday, July 24th. Desjardins raised their price objective on Parkland Fuel from C$37.00 to C$38.00 and gave the stock a c$34.75 rating in a research note on Monday, July 23rd. Finally, TD Securities raised their price objective on Parkland Fuel from C$37.00 to C$38.00 and gave the stock an action list buy rating in a research note on Friday, May 4th. 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.

The firm also recently announced a monthly dividend, which will be paid on Friday, September 14th. Stockholders of record on Wednesday, August 22nd will be issued a $0.098 dividend. The ex-dividend date of this dividend is Tuesday, August 21st. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.89%.

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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