Parkit Enterprise (CVE:PKT) Stock: Insider Parkit Enterprise Inc. Buys 1,300 Shares

Parkit Enterprise Inc. (CVE:PKT) insider Parkit Enterprise Inc. bought 1,300 shares of the company’s stock in a transaction on Monday, September 28th. The shares were bought at an average price of C$8.01 per share, with a total value of C$10,413.00. Following the completion of the transaction, the insider owned 1,300 shares of the company’s stock, valued at C$10,413. The trade was a ∞ increase in their ownership of the stock.

Parkit Enterprise Inc. also recently made the following trade(s):

• On Wednesday, September 30th, Parkit Enterprise Inc. purchased 11,100 shares of Parkit Enterprise stock. The stock was bought at an average cost of C$8.01 per share, with a total value of C$88,911.00.

Parkit Enterprise Stock Performance

Shares of CVE:PKT remained flat at C$8.25 during trading on Friday. 1,400 shares of the stock were exchanged, compared to its average volume of 2,747. The business’s 50 day simple moving average is C$8.49. The company has a market cap of C$114.10 million, a PE ratio of 8.09 and a beta of 2.19. Parkit Enterprise Inc. has a 1 year low of C$7.35 and a 1 year high of C$10.00.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial raised their price target on Parkit Enterprise from C$10.50 to C$11.00 and gave the company a “market perform” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Parkit Enterprise presently has an average rating of “Hold” and a consensus price target of C$11.00.

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.