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Parkland (TSE:PKI) Stock Crosses Above 200-Day Moving Average – Here’s What Happened
['Michael Walen']
Markets Daily
Shares of Parkland Co. (TSE:PKI – Get Free Report) passed above its 200-day moving average during trading on Friday .
Parkland shares last traded at C$38.35, with a volume of 1,197,774 shares traded.
Scotiabank cut shares of Parkland from a “strong-buy” rating to a “hold” rating and set a C$44.00 target price on the stock.
Finally, CIBC downgraded shares of Parkland from an “outperform” rating to a “tender” rating and set a C$44.00 price target on the stock.
Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$43.73.