Parkland Fuel Corp (TSE:PKI) had its price target hoisted by equities research analysts at Royal Bank of Canada from C$31.00 to C$32.00 in a research note issued on Wednesday, May 10th. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 0.88% from the company’s current price.
Several other brokerages have also commented on PKI. TD Securities reissued a “buy” rating and issued a C$34.00 price objective on shares of Parkland Fuel Corp in a report on Monday, March 6th. Scotiabank reissued a “sector perform” rating and issued a C$30.00 price objective on shares of Parkland Fuel Corp in a report on Monday, March 6th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$34.00.
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In related news, insider De Sande Patricia Van sold 8,735 shares of Parkland Fuel Corp stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of C$31.74, for a total transaction of C$277,248.90.
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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