Key Points
- Parkit Enterprise insider buying: An insider purchased 1,300 shares at C$8.01 each, investing C$10,413 and bringing direct ownership to 1,300 shares. The insider also acquired an additional 11,100 shares in a separate transaction worth C$88,911.
- Stock performance: Parkit shares opened at C$8.25, with a market capitalization of approximately C$114.1 million. The stock has traded between C$7.35 and C$10.00 over the past year.
- Analyst view: Raymond James raised its price target to C$11.00 while maintaining a “market perform” rating. The stock has an overall “Hold” rating from the analyst tracked by MarketBeat.
Parkit Enterprise Inc. (CVE:PKT - Get Free Report) insider Parkit Enterprise Inc. purchased 1,300 shares of Parkit Enterprise stock in a transaction that occurred on Monday, September 28th. The stock was acquired at an average cost of C$8.01 per share, with a total value of C$10,413.00. Following the acquisition, the insider directly owned 1,300 shares in the company, valued at C$10,413. This trade represents a ∞ increase in their position.
Parkit Enterprise Inc. also recently made the following trade(s):
- On Wednesday, September 30th, Parkit Enterprise Inc. acquired 11,100 shares of Parkit Enterprise stock. The stock was acquired at an average cost of C$8.01 per share, for a total transaction of C$88,911.00.
Parkit Enterprise Stock Performance
Shares of PKT opened at C$8.25 on Friday. The firm has a market capitalization of C$114.10 million, a price-to-earnings ratio of 8.09 and a beta of 2.19. Parkit Enterprise Inc. has a 12 month low of C$7.35 and a 12 month high of C$10.00. The firm has a 50 day simple moving average of C$8.49.
Wall Street Analyst Weigh In
Separately, Raymond James Financial lifted their price target on shares of Parkit Enterprise from C$10.50 to C$11.00 and gave the company a "market perform" rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of C$11.00.
Get Our Latest Stock Analysis on PKT
Parkit Enterprise Inc is a Canadian company focused on the ownership and operation of parking assets and related real estate. The company's business is centered on acquiring, managing, and optimizing parking facilities, with an emphasis on generating revenue from parking operations and associated property uses.
As a real estate-focused operator, Parkit Enterprise's activities are tied to urban and commercial parking demand in Canada and may include surface lots, parking structures, and other parking-related properties.
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