Park Lawn (PLC) PT Lowered to C$28.00
Park Lawn (TSE:PLC) had its target price reduced by National Bank Financial from C$30.00 to C$28.00 in a research report issued to clients and investors on Friday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 13.96% from the stock’s previous close.
A number of other equities analysts also recently weighed in on PLC. CIBC dropped their target price on Park Lawn from C$29.00 to C$26.00 in a report on Thursday, November 15th. TD Securities dropped their target price on Park Lawn from C$32.00 to C$31.00 and set a “buy” rating on the stock in a report on Thursday, November 15th. Finally, Raymond James reiterated a “strong-buy” rating and issued a C$30.00 target price on shares of Park Lawn in a report on Wednesday, December 12th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Park Lawn currently has a consensus rating of “Buy” and a consensus target price of C$28.92.
Shares of PLC opened at C$24.57 on Friday. The stock has a market capitalization of $569.93 million and a PE ratio of 67.69. Park Lawn has a fifty-two week low of C$20.25 and a fifty-two week high of C$27.95. The company has a debt-to-equity ratio of 16.49, a quick ratio of 2.17 and a current ratio of 2.82.
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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