Parkland Fuel (TSE:PKI) Share Price Crosses Above 200 Day Moving Average of $0.00

Parkland Fuel Corp (TSE:PKI)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $44.20. Parkland Fuel shares last traded at $43.66, with a volume of 613,100 shares trading hands.

PKI has been the subject of a number of research analyst reports. National Bank Financial increased their price target on Parkland Fuel from C$48.00 to C$50.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Raymond James restated an “outperform” rating and issued a C$49.00 price objective on shares of Parkland Fuel in a research note on Wednesday, July 10th. CIBC raised their price objective on Parkland Fuel from C$48.00 to C$49.50 in a research note on Friday, July 12th. BMO Capital Markets set a C$50.00 price objective on Parkland Fuel and gave the stock an “outperform” rating in a research note on Tuesday, May 28th. Finally, Royal Bank of Canada raised their price objective on Parkland Fuel from C$41.00 to C$44.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$48.21.

The stock’s 50-day moving average is C$42.64. The company has a quick ratio of 0.79, a current ratio of 1.25 and a debt-to-equity ratio of 178.39. The company has a market cap of $6.39 billion and a P/E ratio of 22.98.

In other Parkland Fuel news, Senior Officer Robert Berthold Espey sold 16,340 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of C$41.82, for a total value of C$683,366.58. Following the sale, the insider now directly owns 452,737 shares of the company’s stock, valued at C$18,934,230.99. Also, Senior Officer Patricia Van De Sande sold 3,700 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of C$42.39, for a total value of C$156,843.00. Following the completion of the sale, the insider now directly owns 1,838 shares in the company, valued at C$77,912.82.

Parkland Fuel Company Profile (TSE:PKI)

Parkland Fuel Corporation operates as a marketer, distributor, and refiner of fuel and petroleum products in Canada and the United States. The company's Retail segment supplies and supports a network of 1,855 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Pioneer, Chevron, and Race Trac, as well as operates convenience stores under the On the Run/Marché Express brand.

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