Brokerages Set Parkland Fuel Corp (PKI) Price Target at $42.93

Shares of Parkland Fuel Corp (TSE:PKI) have been assigned a consensus recommendation of “Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$42.93.

PKI has been the topic of a number of recent analyst reports. National Bank Financial upped their price target on Parkland Fuel from C$46.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. AltaCorp Capital reaffirmed an “outperform” rating on shares of Parkland Fuel in a research report on Wednesday, February 13th. CIBC reduced their price target on Parkland Fuel from C$46.00 to C$44.00 in a research report on Thursday, February 21st. Royal Bank of Canada reduced their price target on Parkland Fuel from C$41.00 to C$40.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 26th. Finally, Desjardins reduced their price target on Parkland Fuel from C$50.00 to C$45.00 and set a “buy” rating on the stock in a research report on Wednesday, January 16th.

Parkland Fuel stock opened at C$40.80 on Monday. The company has a quick ratio of 0.64, a current ratio of 1.06 and a debt-to-equity ratio of 125.65. The firm has a market cap of $5.43 billion and a price-to-earnings ratio of 26.67. Parkland Fuel has a twelve month low of C$27.96 and a twelve month high of C$47.45.

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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