Parkland (TSE:PKI) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Parkland Co. (TSE:PKI) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$34.90 and traded as high as C$38.73. Parkland shares last traded at C$38.43, with a volume of 536,281 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PKI shares. Canaccord Genuity Group lowered their target price on shares of Parkland from C$47.00 to C$45.00 and set a “buy” rating for the company in a report on Friday, November 1st. Raymond James lowered their price target on shares of Parkland from C$55.00 to C$47.00 in a research note on Friday, October 25th. CIBC increased their price objective on shares of Parkland from C$48.00 to C$49.00 in a research note on Wednesday, November 27th. ATB Capital decreased their price target on shares of Parkland from C$49.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Finally, Scotiabank cut their price objective on shares of Parkland from C$60.00 to C$52.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Parkland has an average rating of “Buy” and an average price target of C$48.08.

Parkland Stock Down 2.9 %

The company has a quick ratio of 0.73, a current ratio of 1.39 and a debt-to-equity ratio of 199.87. The company has a market cap of C$6.51 billion, a P/E ratio of 26.89, a PEG ratio of 11.79 and a beta of 1.33. The firm has a fifty day moving average price of C$34.24 and a 200 day moving average price of C$34.92.

Insider Transactions at Parkland

In related news, Director James Allan Neate purchased 5,000 shares of the stock in a transaction on Wednesday, December 18th. The shares were purchased at an average price of C$33.29 per share, with a total value of C$166,450.00. 20.51% of the stock is currently owned by insiders.

About Parkland

Parkland Corporation operates food and convenience stores in Canada, the United States, and internationally. The company’s Canada segment owns, supplies, and supports a coast-to-coast network of retail gas stations, electronic vehicle charging stations, frozen food retail locations, convenience stores, cardlock sites, bulk fuel, propane, heating oil, lubricants, and other related services to commercial, industrial, and residential customers; transports and distributes fuel through ships, rail, and highway carriers; and stores fuel in terminals and other owned and leased facilities, as well as engages in the low-carbon activities.