CIBC Reiterates a Buy Rating on Parkland Fuel (PKI)

By Ryan Adsit

Parkland Fuel (PKIResearch Report) has received a rating update from a Wall Street analyst yesterday. Analyst Kevin Chiang from CIBC reiterated a Buy rating, with a C$44.50 price target.

Chiang has an average return of 13.0% when recommending Parkland Fuel.

According to TipRanks.com, Chiang is ranked #393 out of 5144 analysts.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Parkland Fuel with a C$48 average price target.

The company has a one-year high of C$47.45 and a one-year low of C$26.73. Currently, Parkland Fuel has an average volume of 512.2K.

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$35.08.