Wall Street analyst has provided a review for the Services company yesterday, but retained the same rating on the stock. Analyst Derek Dley from Canaccord Genuity remains bullish on Parkland Fuel (TSX: PKI) and has a C$44 price target.
Dley has an average return of 20.7% when recommending Parkland Fuel.
According to TipRanks.com, Dley is ranked #377 out of 4839 analysts.
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Currently, the analyst consensus on Parkland Fuel is a Strong Buy with an average price target of C$37.92, implying a 7.8% upside from current levels. In a report issued on July 23, Desjardins also reiterated a Buy rating on the stock with a C$38 price target.
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Parkland Fuel’s market cap is currently C$4.64B and has a P/E ratio of 54.4. The company has a Price to Book ratio of 2.82.
Parkland Fuel Corp. engages in the market and distribution of petroleum products. It delivers gasoline, diesel fuel, lubricants, heating oil and other products to businesses, consumers and wholesale customers. The company operates through the following business segments: Retail Fuels, Commercial Fuels, Parkland USA, Supply and Wholesale; and Corporate.
The company’s shares closed on Thursday at C$35.19, close to its 52-week high of C$35.92.
