Parkland Fuel Corp (TSE:PKI) had its target price reduced by equities research analysts at TD Securities from C$25.00 to C$23.00 in a research report issued on Friday, MarketBeat.Com reports. The firm currently has a “hold” rating on the stock. TD Securities’ target price suggests a potential upside of 4.64% from the stock’s previous close.

Shares of Parkland Fuel Corp (TSE:PKI) opened at 21.98 on Friday. The firm has a 50-day moving average price of $22.30 and a 200 day moving average price of $22.77. Parkland Fuel Corp has a 52 week low of $18.26 and a 52 week high of $26.94. The stock has a market cap of $2.00 billion and a price-to-earnings ratio of 54.41.

In other news, Director Domenico Pilla bought 1,500 shares of the company’s stock in a transaction on Tuesday, November 10th. The shares were acquired at an average cost of C$22.15 per share, with a total value of C$33,225.00.

Several other brokerages have also recently issued reports on PKI. CIBC cut Parkland Fuel Corp from a “sector outperformer” rating to a “sector performer” rating in a research report on Monday, November 9th. RBC Capital began coverage on Parkland Fuel Corp in a research report on Tuesday, January 19th. They issued a “sector perform” rating and a C$23.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of C$24.60.

Parkland Fuel Corporation (TSE:PKI) is a marketer of fuel and petroleum products. The Company delivers gasoline, diesel, propane, lubricants, heating oil and other high quality petroleum products to motorists, businesses, consumers and wholesale customers in Canada and the United States. Its segments include Retail Fuels, which operates and services a network of retail service stations that serve motorists in Canada; Commercial Fuels, which delivers bulk fuel, propane, heating oil, lubricants, agricultural inputs, oilfield fluids and other related products and services to commercial, industrial and residential customers across Canada; SPF Energy, operates and services a network of retail service stations in the United States; Wholesale, Supply and Distribution, which manages Parkland’s fuel supply contracts, purchasing fuel from refiners, distribution through third-party rail and highway carriers, as well as serving wholesale and reseller customers, and Corporate.

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