Wall Street analyst has provided a review for the Services company yesterday, but retained the same rating on the stock. Analyst Benoit Laprade from Scotiabank rated Parkland Fuel (TSX: PKI) a Buy, setting a C$43.50 price target.
According to TipRanks.com, Laprade is a 4-star analyst with an average return of 5.3% and a 71.8% success rate. Laprade covers the Consumer Goods sector, focusing on stocks such as Fibria Celulose SA, Resolute Forest, and Methanex Corp.
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Parkland Fuel has an analyst consensus of Strong Buy, with a price target consensus of C$44.50, a 10.3% upside from current levels. In a report issued on August 13, Canaccord Genuity 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$41.35 and a one-year low of C$23.41. Currently, Parkland Fuel has an average volume of 382K.
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$40.35, close to its 52-week high of C$41.35.
