Park Lawn (TSE:PLC) had its target price lowered by National Bank Financial from C$30.00 to C$28.00 in a research note issued to investors on Friday. The brokerage currently has an outperform rating on the stock.
Other equities research analysts also recently issued research reports about the company. Raymond James restated a strong-buy rating and set a C$30.00 price target on shares of Park Lawn in a report on Wednesday, December 12th. TD Securities upped their price target on Park Lawn from C$31.00 to C$32.00 and gave the stock a buy rating in a report on Thursday, February 21st. Finally, CIBC cut their price target on Park Lawn from C$29.00 to C$26.00 in a report on Thursday, November 15th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of C$28.92.
PLC opened at C$24.57 on Friday. Park Lawn has a 12-month low of C$20.25 and a 12-month high of C$27.95. The company has a current ratio of 2.82, a quick ratio of 2.17 and a debt-to-equity ratio of 16.49. The stock has a market cap of $569.93 million and a P/E ratio of 67.69.
The business also recently declared a monthly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 28th were issued a dividend of $0.038 per share. The ex-dividend date of this dividend was Wednesday, February 27th. This represents a $0.46 annualized dividend and a yield of 1.86%. Park Lawn’s dividend payout ratio (DPR) is 125.62%.
Park Lawn Company Profile
Park Lawn Corporation, together with its subsidiaries, provides goods and services associated with the disposition and memorialization of human remains in Canada and the United States. It owns and operates cemeteries, crematoriums, and funeral homes. The company also engages in chapels, planning offices, and transfer service businesses.
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