Parkland Fuel (TSE:PKI) Stock Price Crosses Above Two Hundred Day Moving Average of $43.35

Parkland Fuel Corp (TSE:PKI)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $43.35 and traded as high as $47.35. Parkland Fuel shares last traded at $46.47, with a volume of 225,541 shares changing hands.

Several research analysts have weighed in on PKI shares. TD Securities cut Parkland Fuel from an “action list buy” rating to a “buy” rating and set a C$54.00 price objective on the stock. in a research report on Wednesday, November 13th. National Bank Financial increased their price objective on Parkland Fuel from C$51.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. CIBC increased their price objective on Parkland Fuel from C$49.50 to C$51.00 in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lowered their price objective on Parkland Fuel from C$56.00 to C$53.00 in a research report on Tuesday, October 22nd. Finally, Raymond James set a C$51.00 price objective on Parkland Fuel and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Parkland Fuel presently has an average rating of “Buy” and an average price target of C$50.88.

The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 170.80. The stock has a market cap of $6.84 billion and a P/E ratio of 23.70. The firm has a 50-day simple moving average of C$45.90 and a two-hundred day simple moving average of C$43.35.

In related news, Senior Officer Ian James White sold 5,100 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$43.00, for a total value of C$219,300.00. Following the transaction, the insider now owns 3,973 shares in the company, valued at C$170,839. Also, Director Timothy Hogarth sold 15,000 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of C$46.04, for a total value of C$690,672.00. Following the completion of the transaction, the director now owns 268,538 shares in the company, valued at approximately C$12,364,778.50.

About Parkland Fuel (TSE:PKI)

Parkland Fuel Corporation operates as a marketer, distributor, and refiner of fuel and petroleum products in Canada and the United States. The company's Retail segment supplies and supports a network of 1,855 retail gas stations under the Ultramar, Esso, Fas Gas Plus, Pioneer, Chevron, and Race Trac, as well as operates convenience stores under the On the Run/Marché Express brand.

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