Desjardins Reaffirms Their Buy Rating on Parkland Fuel (PKI)
Today, an analyst has provided a rating update for the Services sector company, Parkland Fuel (TSX: PKI). Analyst David Newman from Desjardins remains bullish on the stock and has a C$47 price target.
Newman has an average return of 23.1% when recommending Parkland Fuel.
According to TipRanks.com, Newman is ranked #2082 out of 4909 analysts.
Read also: Why This Analyst Just Threw Cold Water on New Age Beverages (NBEV) Stock
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Parkland Fuel with a C$44.50 average price target.
Parkland Fuel’s market cap is currently C$5.59B and has a P/E ratio of 38.4. The company has a Price to Book ratio of 3.32.
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 Wednesday at C$44.30.