In a latest note to investors, a research analyst has provided a rating update for the Services sector company, Parkland Fuel (TSX: PKI). Analyst David Newman from Desjardins reiterated a Buy rating, with a C$46 price target yesterday.
Newman has an average return of 11.1% when recommending Parkland Fuel.
According to TipRanks.com, Newman is ranked #2432 out of 4848 analysts.
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Currently, the analyst consensus on Parkland Fuel is a Strong Buy with an average price target of C$42.10, which is a 11.0% upside from current levels. In a report issued on July 24, Canaccord Genuity also maintained a Buy rating on the stock with a C$44 price target.
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The company has a one-year high of C$38.62 and a one-year low of C$23.41. Currently, Parkland Fuel has an average volume of 332.5K.
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 Friday at C$37.93, close to its 52-week high of C$38.62.
