Parkland Fuel Corp (PKI) Given Consensus Rating of “Buy” by Brokerages

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Parkland Fuel Corp (TSE:PKI) has received an average rating of “Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$43.57.

PKI has been the subject of a number of recent analyst reports. Desjardins boosted their price objective on Parkland Fuel from C$37.00 to C$38.00 and gave the company a “c$34.75” rating in a report on Monday, July 23rd. National Bank Financial upped their target price on Parkland Fuel from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a report on Tuesday, July 24th. Canaccord Genuity upped their target price 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 upped their target price on Parkland Fuel from C$37.50 to C$38.00 in a report on Thursday, July 26th. Finally, Royal Bank of Canada upped their target price 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.

Shares of Parkland Fuel stock traded up C$1.10 on Friday, reaching C$42.80. The company had a trading volume of 595,238 shares, compared to its average volume of 394,912. Parkland Fuel has a 1 year low of C$24.97 and a 1 year high of C$47.45.

The business also recently declared a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Monday, October 22nd will be given a $0.098 dividend. This represents a $1.18 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Friday, October 19th.

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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