Parkland Fuel (TSE:PKI) had its price target reduced by National Bank Financial from C$52.00 to C$49.00 in a report released on Monday. They currently have an outperform rating on the stock.
Several other analysts have also commented on PKI. Desjardins lifted 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 report on Monday, July 23rd. Canaccord Genuity lifted their price objective on Parkland Fuel from C$42.00 to C$44.00 and gave the stock a buy rating in a report on Wednesday, July 25th. CIBC lifted their price objective on Parkland Fuel from C$37.50 to C$38.00 in a report on Thursday, July 26th. Royal Bank of Canada lifted their price objective on Parkland Fuel from C$33.00 to C$35.00 and gave the stock a sector perform rating in a report on Monday, July 30th. Finally, TD Securities lifted their price objective on Parkland Fuel from C$38.00 to C$45.00 in a report on Tuesday, August 7th. One investment 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. Parkland Fuel presently has an average rating of Buy and a consensus price target of C$43.57.
Shares of PKI traded up C$0.58 during trading hours on Monday, hitting C$40.58. The stock had a trading volume of 25,595 shares, compared to its average volume of 392,919. Parkland Fuel has a 12 month low of C$24.97 and a 12 month high of C$47.45.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Investors of record on Monday, October 22nd will be issued a $0.098 dividend. This represents a $1.18 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Friday, October 19th.
Parkland Fuel Company Profile
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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