Shares of Parkland Fuel Corp (TSE:PKI) have earned an average rating of “Buy” from the seven research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$41.14.
Several equities analysts have commented on PKI shares. Desjardins upped their price objective on Parkland Fuel from C$37.00 to C$38.00 and gave the company a “c$34.75” rating in a research report on Monday, July 23rd. National Bank Financial upped their price objective on Parkland Fuel from C$36.00 to C$37.00 and gave the company an “outperform” rating in a research report on Tuesday, July 24th. Canaccord Genuity upped their price objective on Parkland Fuel from C$42.00 to C$44.00 and gave the company a “buy” rating in a research report on Wednesday, July 25th. CIBC upped their price objective on Parkland Fuel from C$37.50 to C$38.00 in a research report on Thursday, July 26th. Finally, Royal Bank of Canada upped their price objective on Parkland Fuel from C$33.00 to C$35.00 and gave the company a “sector perform” rating in a research report on Monday, July 30th.
TSE:PKI traded up C$0.06 during midday trading on Thursday, hitting C$43.00. 493,000 shares of the company traded hands, compared to its average volume of 366,132. Parkland Fuel has a 12-month low of C$23.41 and a 12-month high of C$43.08.
The company also recently declared a monthly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 21st will be given a dividend of $0.098 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Thursday, September 20th.
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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