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The latest announcement is out from Parkland ( (TSE:PKI) ).
Sunoco LP has completed its acquisition of Parkland Corporation, with Parkland shares set to be delisted from the Toronto Stock Exchange. This acquisition, valued at approximately C$3.46 billion in cash and SunocoCorp Units, marks a significant expansion for Sunoco, enhancing its market presence and operational capabilities in the energy infrastructure and fuel distribution sectors.
The most recent analyst rating on (TSE:PKI) stock is a Hold with a C$42.00 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 Neutral.
The overall stock score of 60 reflects Parkland’s operational improvements and strong cash flow generation, which are offset by high debt levels and a challenging market environment. The technical indicators suggest limited momentum, while the valuation is moderate with a reasonable dividend yield. Continued focus on operational efficiencies and debt management will be crucial for future stability.
To see Spark’s full report on TSE:PKI stock, click here.
More about Parkland
Parkland Corporation is involved in the energy sector, focusing on fuel distribution and energy infrastructure. Sunoco LP, which acquired Parkland, operates across North America, the Greater Caribbean, and Europe, managing a vast network of pipelines and terminals, and distributing fuel to numerous retail locations and commercial customers.
Average Trading Volume: 892,281
Technical Sentiment Signal: Buy
Current Market Cap: C$6.98B
For detailed information about PKI stock, go to TipRanks’ Stock Analysis page.