RE:And the pumping begins again....ghayes wrote: Like many of you , I am wondering why I stay in PKI as it has been going nowhere fast, for the past 6 months. But now I see
Parkland (TSE:PKI) PT Raised to C$48.00 - American Banking News iis my source
Parkland (TSE:PKI) had its target price upped by equities researchers at National Bankshares from C$47.00 to C$48.00 in a report issued on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 35.55% from the company’s current price.
Other equities analysts also recently issued reports about the company. National Bank Financial increased their target price on Parkland from C$45.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Monday, August 9th. Raymond James set a C$52.00 target price on shares of Parkland and gave the company a “strong-buy” rating in a report on Thursday, November 4th. BMO Capital Markets reduced their target price on shares of Parkland from C$50.00 to C$49.00 in a report on Monday, August 9th. JPMorgan Chase & Co. increased their price objective on shares of Parkland from C$51.00 to C$53.00 in a report on Thursday, October 21st. Finally, TD Securities increased their price objective on shares of Parkland from C$51.00 to C$53.00 and gave the stock a “buy” rating in a report on Monday, August 9th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$50.20.
Shares of TSE PKI traded up C$0.31 during trading hours on Wednesday, reaching C$35.41. The stock had a trading volume of 492,387 shares, compared to its average volume of 393,723. The firm has a market cap of C$5.39 billion and a price-to-earnings ratio of 37.71. The company has a current ratio of 1.29, a quick ratio of 0.68 and a debt-to-equity ratio of 204.18. Parkland has a fifty-two week low of C$33.84 and a fifty-two week high of C$45.10. The firm has a 50-day moving average of C$36.38 and a 200-day moving average of C$38.31.
I think the EV hype is killing the profitable, traditional stock. This kind of thing is like a pendulum that swing from one side to another. I made profit from the lithium stock, but lose money on this one, at least paper wise. I am buying more slowly. It may take a long time to turn around, but at least I am collecting the dividend.