Park Lawn (TSE:PLC) had its price objective upped by Canaccord Genuity from C$30.00 to C$31.00 in a report released on Wednesday, BayStreet.CA reports.
Other analysts have also issued reports about the company. GMP Securities reissued an average rating and set a C$36.00 price target on shares of Park Lawn in a research note on Monday, May 13th. Raymond James set a C$32.00 price target on Park Lawn and gave the company a strong-buy rating in a research note on Thursday, May 23rd. CIBC lifted their price target on Park Lawn from C$30.00 to C$32.00 in a research note on Thursday, May 9th. TD Securities lifted their price target on Park Lawn from C$31.00 to C$33.00 and gave the company a buy rating in a research note on Thursday, May 9th. Finally, National Bank Financial cut their price target on Park Lawn from C$33.00 to C$31.50 and set an outperform rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. Park Lawn has a consensus rating of Buy and an average target price of C$32.29.
Shares of PLC stock opened at C$27.39 on Wednesday. The business’s 50-day moving average price is C$28.12 and its 200-day moving average price is C$26.77. Park Lawn has a 12 month low of C$20.25 and a 12 month high of C$29.94. The firm has a market capitalization of $420.35 million and a price-to-earnings ratio of 74.23. The company has a current ratio of 2.56, a quick ratio of 2.02 and a debt-to-equity ratio of 25.24.
The company also recently declared a monthly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were paid a dividend of $0.038 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Tuesday, July 30th. Park Lawn’s payout ratio is 124.66%.
Park Lawn Company Profile
Park Lawn Corporation, together with its subsidiaries, provides deathcare products and services in North America. The company owns and operates cemeteries, crematoriums, and funeral homes. It also offers cemetery lots, crypts, niches, monuments, caskets, urns, and other merchandise, as well as funeral services and after life celebration services.
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