Parkland Fuel Corp (TSE:PKI) had its price target raised by analysts at CIBC from C$31.50 to C$33.00 in a report released on Monday, StockTargetPrices.com reports. CIBC’s price target would suggest a potential upside of 6.69% from the stock’s previous close.
A number of other analysts have also recently issued reports on the company. Haywood Securities boosted their target price on Parkland Fuel Corp from C$26.50 to C$29.25 and gave the stock a “hold” rating in a report on Tuesday, August 23rd. TD Securities upped their price target on Parkland Fuel Corp from C$24.00 to C$27.00 and gave the stock a “buy” rating in a report on Monday, August 8th. Scotiabank restated a “sector perform” rating and issued a C$23.25 price target on shares of Parkland Fuel Corp in a report on Monday, July 4th. Royal Bank Of Canada upped their price target on Parkland Fuel Corp from C$24.00 to C$31.00 and gave the stock a “sector perform” rating in a report on Thursday, September 8th. Finally, National Bank Financial restated an “outperform” rating and issued a C$34.00 price target on shares of Parkland Fuel Corp in a report on Thursday, September 8th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of C$31.88.
Shares of Parkland Fuel Corp (TSE:PKI) remained flat at $30.93 during trading on Monday. The company had a trading volume of 259,934 shares. The firm has a market cap of $2.95 billion and a PE ratio of 48.33. Parkland Fuel Corp has a one year low of $19.69 and a one year high of $31.61. The firm has a 50 day moving average price of $29.17 and a 200 day moving average price of $24.36.
About Parkland Fuel Corp
Parkland Fuel Corporation distributes and markets fuels and lubricants. The Company delivers refined fuels and other petroleum products to motorists, businesses, consumers and wholesale customers. Its segments include Retail Fuels, Commercial Fuels, Parkland USA, Supply and Wholesale, and Corporate. Its Retail Fuels segment supplies and supports a network of over 1,070 retail gas stations in Canada.
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