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The latest announcement is out from Parkland ( (TSE:PKI) ).
Parkland Corporation announced that proxy advisory firms ISS and Glass Lewis have endorsed its proposed arrangement with Sunoco LP, highlighting strategic and financial benefits. The arrangement promises enhanced diversification and improved capital markets access, backed by fairness opinions from major financial institutions. Parkland’s Board of Directors unanimously recommends shareholders vote in favor of the arrangement at the upcoming meeting.
The most recent analyst rating on (TSE:PKI) stock is a Hold with a C$43.00 price target. To see the full list of analyst forecasts on Parkland stock, see the TSE:PKI Stock Forecast page.
Spark’s Take on TSE:PKI Stock
According to Spark, TipRanks’ AI Analyst, TSE:PKI is a Outperform.
Parkland’s overall stock score reflects a stable financial foundation and promising corporate events, despite a high P/E ratio indicating potential overvaluation. The company’s leverage level and technical indicators suggest moderate risk, balanced by strategic initiatives with Sunoco and a solid dividend yield.
To see Spark’s full report on TSE:PKI stock, click here.
More about Parkland
Parkland Corporation is a leading international fuel distributor, marketer, and convenience retailer, operating in twenty-six countries across the Americas. The company provides essential fuels and offers solutions to lower environmental impact, including renewable fuels and EV charging. Parkland operates approximately 4,000 retail and commercial locations across Canada, the United States, and the Caribbean, focusing on customer and supply advantages.
Average Trading Volume: 739,590
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$6.58B
Learn more about PKI stock on TipRanks’ Stock Analysis page.