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Parkland Fuel (PKI) Receives a Buy from Canaccord Genuity


Parkland Fuel (TSX: PKI), the Services sector company, was revisited by a Wall Street analyst on October 10. Analyst Derek Dley from Canaccord Genuity reiterated a Buy rating, with a C$57 price target on October 10.

According to TipRanks.com, Dley is a 4-star analyst with an average return of 6.8% and a 58.4% success rate. Dley covers the Consumer Goods sector, focusing on stocks such as Gildan Activewear, Cott Corp, and BRP Inc.

Read also: Why This Analyst Just Threw Cold Water on New Age Beverages (NBEV) Stock

Currently, the analyst consensus on Parkland Fuel is a Strong Buy with an average price target of C$49.25, representing a 7.2% upside. In a report issued on October 10, Desjardins also maintained a Buy rating on the stock with a C$50 price target.

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The company has a one-year high of C$45.49 and a one-year low of C$23.41. Currently, Parkland Fuel has an average volume of 453K.

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$45.93.