Parkit Enterprise (CVE:PKT) Given New C$11.00 Price Target at Raymond James Financial

Parkit Enterprise (CVE:PKT) had its price objective increased by investment analysts at Raymond James Financial from C$10.50 to C$11.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. Raymond James Financial’s target price suggests a potential upside of 10.33% from the stock’s current price.

Parkit Enterprise Stock Down 0.1%

PKT stock traded down C$0.01 during midday trading on Tuesday, hitting C$9.97. The stock had a trading volume of 212 shares, compared to its average volume of 3,129. Parkit Enterprise has a 52-week low of C$7.35 and a 52-week high of C$10.35. The stock has a market cap of C$137.91 million, a price-to-earnings ratio of 5.54 and a beta of 2.27.

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.